📊 TWO CHARTS, TWO DIFFERENT STRUCTURES — PIEVERSE & FIL
Both are approaching important price zones, but I'm watching them for different reasons.
🔥 $PIEVERSE — WILL BUYERS DEFEND THE 50% FIB LEVEL?
PIEVERSE made an impressive rally from around $1.00 toward $2.27, followed by a strong correction.
Currently trading around $1.77, price is sitting between two important Fibonacci levels.
Key levels I'm watching:
$1.60–$1.61: 50% Fibonacci support.
$1.34: 30% Fibonacci support.
$1.87: 70% Fibonacci resistance.
$2.05–$2.10: Major supply zone.
$2.27: Previous swing high.
My view: Holding $1.60 could allow price to build a consolidation base and attempt another recovery. However, bulls need to reclaim $1.87 first. A breakout above $2.05–$2.10 would provide much stronger confirmation.
Losing $1.60 would increase the possibility of a deeper correction toward $1.34.
📉 $FIL — SUPPORT UNDER PRESSURE
FIL is showing a much weaker structure.
The chart continues to print lower highs and lower lows after rejecting the $1.20–$1.25 region. More importantly, price has lost the previous support around $0.75–$0.77.
Now it's approaching a major historical support zone around $0.65–$0.68.
Key levels:
$0.65–$0.68: Major support under test.
$0.75–$0.77: Resistance and previous support.
$0.80–$0.85: Next resistance area.
$0.60: Next psychological level to watch if support fails.
My view: FIL is approaching an interesting demand zone, but I don't want to call a bottom prematurely. A bullish reaction, higher low, and reclaim of $0.75–$0.77 would be the first signs of structural improvement.
MY FINAL TAKE
$PIEVERSE needs to defend its Fibonacci support and reclaim resistance.
FIL needs to stop making lower lows and prove that buyers are willing to defend the current demand zone.
I'm watching both, but neither deserves a blind long entry.
Support is where we pay attention. Structure is what gives us confirmation. 🎯
#PIEVERSE #FIL #CryptoAnalysis #TechnicalAnalysis #Altcoins
Both are approaching important price zones, but I'm watching them for different reasons.
🔥 $PIEVERSE — WILL BUYERS DEFEND THE 50% FIB LEVEL?
PIEVERSE made an impressive rally from around $1.00 toward $2.27, followed by a strong correction.
Currently trading around $1.77, price is sitting between two important Fibonacci levels.
Key levels I'm watching:
$1.60–$1.61: 50% Fibonacci support.
$1.34: 30% Fibonacci support.
$1.87: 70% Fibonacci resistance.
$2.05–$2.10: Major supply zone.
$2.27: Previous swing high.
My view: Holding $1.60 could allow price to build a consolidation base and attempt another recovery. However, bulls need to reclaim $1.87 first. A breakout above $2.05–$2.10 would provide much stronger confirmation.
Losing $1.60 would increase the possibility of a deeper correction toward $1.34.
📉 $FIL — SUPPORT UNDER PRESSURE
FIL is showing a much weaker structure.
The chart continues to print lower highs and lower lows after rejecting the $1.20–$1.25 region. More importantly, price has lost the previous support around $0.75–$0.77.
Now it's approaching a major historical support zone around $0.65–$0.68.
Key levels:
$0.65–$0.68: Major support under test.
$0.75–$0.77: Resistance and previous support.
$0.80–$0.85: Next resistance area.
$0.60: Next psychological level to watch if support fails.
My view: FIL is approaching an interesting demand zone, but I don't want to call a bottom prematurely. A bullish reaction, higher low, and reclaim of $0.75–$0.77 would be the first signs of structural improvement.
MY FINAL TAKE
$PIEVERSE needs to defend its Fibonacci support and reclaim resistance.
FIL needs to stop making lower lows and prove that buyers are willing to defend the current demand zone.
I'm watching both, but neither deserves a blind long entry.
Support is where we pay attention. Structure is what gives us confirmation. 🎯
#PIEVERSE #FIL #CryptoAnalysis #TechnicalAnalysis #Altcoins
