đ $Q is showing a potential technical setup!
The weekly chart shows a strong upward push following a prolonged consolidation and higher low formation from the March low.
đ The Technical Setup:
⢠The Pattern: Ascending Triangle / Accumulation Base
⢠Short-term Target: $0.04500
⢠Macro Objective: $0.06000
⢠Market Structure: Reversal and breakout setup
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: $0.01500 - $0.02000
⢠Resistance: $0.04000
⢠Breakout Level: $0.04000
⢠Stop Loss / Invalidation: $0.01500
đ Confirmation:
⢠Volume: Visible increase in green volume on the latest weekly candles
⢠Momentum: Strong bullish candle momentum breaking recent consolidation range
⢠Trend: Higher lows established along the ascending trendline
â ď¸ Invalidation:
A weekly close below the ascending support trendline around $0.01500 invalidates this setup.
Price is testing key resistance after respecting higher lows from the March low.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#q #crypto #BinanceSquare #Binance #altcoins
The weekly chart shows a strong upward push following a prolonged consolidation and higher low formation from the March low.
đ The Technical Setup:
⢠The Pattern: Ascending Triangle / Accumulation Base
⢠Short-term Target: $0.04500
⢠Macro Objective: $0.06000
⢠Market Structure: Reversal and breakout setup
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: $0.01500 - $0.02000
⢠Resistance: $0.04000
⢠Breakout Level: $0.04000
⢠Stop Loss / Invalidation: $0.01500
đ Confirmation:
⢠Volume: Visible increase in green volume on the latest weekly candles
⢠Momentum: Strong bullish candle momentum breaking recent consolidation range
⢠Trend: Higher lows established along the ascending trendline
â ď¸ Invalidation:
A weekly close below the ascending support trendline around $0.01500 invalidates this setup.
Price is testing key resistance after respecting higher lows from the March low.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#q #crypto #BinanceSquare #Binance #altcoins
