đ $AZTEC is showing a potential technical setup!
The asset has completed a rounding bottom recovery on the weekly timeframe and is now trending upward after breaking through critical resistance.
đ The Technical Setup:
⢠The Pattern: Rounding Bottom / U-Shape Recovery
⢠Short-term Target: 0.02231
⢠Macro Objective: 0.03069
⢠Market Structure: Bullish reversal from accumulation zone
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.01553
⢠Resistance: 0.02231
⢠Breakout Level: 0.01812
⢠Stop Loss / Invalidation: 0.01553
đ Confirmation:
⢠Volume: Standard/Rising bullish candles
⢠Momentum: Strong upward momentum confirmed by recent breakout
⢠Trend: Bullish reversal trend
â ď¸ Invalidation:
A weekly close below the 0.01553 support level would invalidate the current bullish outlook.
The asset has successfully broken out of a base structure and is targeting higher Fibonacci extension levels.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#aztec #crypto #BinanceSquare #Binance #TechnicalAnalysis
The asset has completed a rounding bottom recovery on the weekly timeframe and is now trending upward after breaking through critical resistance.
đ The Technical Setup:
⢠The Pattern: Rounding Bottom / U-Shape Recovery
⢠Short-term Target: 0.02231
⢠Macro Objective: 0.03069
⢠Market Structure: Bullish reversal from accumulation zone
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.01553
⢠Resistance: 0.02231
⢠Breakout Level: 0.01812
⢠Stop Loss / Invalidation: 0.01553
đ Confirmation:
⢠Volume: Standard/Rising bullish candles
⢠Momentum: Strong upward momentum confirmed by recent breakout
⢠Trend: Bullish reversal trend
â ď¸ Invalidation:
A weekly close below the 0.01553 support level would invalidate the current bullish outlook.
The asset has successfully broken out of a base structure and is targeting higher Fibonacci extension levels.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#aztec #crypto #BinanceSquare #Binance #TechnicalAnalysis
