đ $VVV is showing a potential technical setup!
VVV/USDT is displaying a visible structure on the 1D timeframe.
đ The Technical Setup:
⢠The Pattern: Harmonic Pattern / Potential Bearish Reversal
⢠Short-term Target: 14.000
⢠Macro Objective: N/A based on visible chart
⢠Market Structure: Reversal from local highs with bearish impulsive leg
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 10.000 - 12.000
⢠Resistance: 26.000 - 28.000
⢠Breakout Level: 34.000
⢠Stop Loss / Invalidation: 35.000
đ Confirmation:
⢠Volume: Standard daily selling pressure
⢠Momentum: Negative momentum indicated by recent red candle formation
⢠Trend: Short-term corrective bearish trend following local peak
â ď¸ Invalidation:
A daily close above the 30.000 resistance level would invalidate the immediate bearish outlook.
The asset is currently undergoing a corrective phase after reaching a significant local peak, with potential downside targets marked near 14.000.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#VVV #crypto #BinanceSquare #Binance #bitcoin
VVV/USDT is displaying a visible structure on the 1D timeframe.
đ The Technical Setup:
⢠The Pattern: Harmonic Pattern / Potential Bearish Reversal
⢠Short-term Target: 14.000
⢠Macro Objective: N/A based on visible chart
⢠Market Structure: Reversal from local highs with bearish impulsive leg
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 10.000 - 12.000
⢠Resistance: 26.000 - 28.000
⢠Breakout Level: 34.000
⢠Stop Loss / Invalidation: 35.000
đ Confirmation:
⢠Volume: Standard daily selling pressure
⢠Momentum: Negative momentum indicated by recent red candle formation
⢠Trend: Short-term corrective bearish trend following local peak
â ď¸ Invalidation:
A daily close above the 30.000 resistance level would invalidate the immediate bearish outlook.
The asset is currently undergoing a corrective phase after reaching a significant local peak, with potential downside targets marked near 14.000.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#VVV #crypto #BinanceSquare #Binance #bitcoin
