đ $EPIC is showing a potential technical setup!
The weekly chart displays an accumulation phase building a base near the 0.20-0.50 region, with price currently testing resistance levels.
đ The Technical Setup:
⢠The Pattern: Ascending Triangle / Trendline Breakout Reversal
⢠Short-term Target: 0.8262 (Fib 1.0)
⢠Macro Objective: 1.2186 (Fib 1.618)
⢠Market Structure: Reversal
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.5087 - 0.5836
⢠Resistance: 0.8262
⢠Breakout Level: 0.6933
⢠Stop Loss / Invalidation: 0.3411
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Bullish recovery candles forming from local lows
⢠Trend: Attempting macro trend reversal after prolonged downtrend
â ď¸ Invalidation:
A decisive breakdown below the 0.3411 support level invalidates the setup.
Price is testing key resistance levels following an accumulation base, indicating potential for continued upside if momentum holds.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#Epic #crypto #BinanceSquare #Binance #BTC
The weekly chart displays an accumulation phase building a base near the 0.20-0.50 region, with price currently testing resistance levels.
đ The Technical Setup:
⢠The Pattern: Ascending Triangle / Trendline Breakout Reversal
⢠Short-term Target: 0.8262 (Fib 1.0)
⢠Macro Objective: 1.2186 (Fib 1.618)
⢠Market Structure: Reversal
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.5087 - 0.5836
⢠Resistance: 0.8262
⢠Breakout Level: 0.6933
⢠Stop Loss / Invalidation: 0.3411
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Bullish recovery candles forming from local lows
⢠Trend: Attempting macro trend reversal after prolonged downtrend
â ď¸ Invalidation:
A decisive breakdown below the 0.3411 support level invalidates the setup.
Price is testing key resistance levels following an accumulation base, indicating potential for continued upside if momentum holds.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#Epic #crypto #BinanceSquare #Binance #BTC
