đ $HYPE is showing a potential technical setup!
The weekly chart exhibits strong bullish momentum with price expanding past previous structural highs and holding above key Fibonacci extension levels.
đ The Technical Setup:
⢠The Pattern: Fibonacci Extension Expansion and Trendline Support
⢠Short-term Target: 108.486
⢠Macro Objective: 168.876
⢠Market Structure: Strong breakout and continuation
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 78.291 - 80.000
⢠Resistance: 108.486
⢠Breakout Level: 91.634
⢠Stop Loss / Invalidation: 78.291
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Strong bullish weekly expansion candles
⢠Trend: Macro uptrend continuing above key Fibonacci levels
â ď¸ Invalidation:
A weekly close back below the 78.291 support level.
Price action suggests continuation towards higher Fibonacci targets unless key support fails.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#hype #crypto #BinanceSquare #Binance #bitcoin
The weekly chart exhibits strong bullish momentum with price expanding past previous structural highs and holding above key Fibonacci extension levels.
đ The Technical Setup:
⢠The Pattern: Fibonacci Extension Expansion and Trendline Support
⢠Short-term Target: 108.486
⢠Macro Objective: 168.876
⢠Market Structure: Strong breakout and continuation
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 78.291 - 80.000
⢠Resistance: 108.486
⢠Breakout Level: 91.634
⢠Stop Loss / Invalidation: 78.291
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Strong bullish weekly expansion candles
⢠Trend: Macro uptrend continuing above key Fibonacci levels
â ď¸ Invalidation:
A weekly close back below the 78.291 support level.
Price action suggests continuation towards higher Fibonacci targets unless key support fails.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#hype #crypto #BinanceSquare #Binance #bitcoin
