#LEVER/USDT 1H idea.
Since its pump last Oct. 3 soaring to $0.003186, $LEVER has seen a massive 54.24% decline.
I'm looking for its "bounce" since in my macro view, it has already touched the golden zone.
Spotting a bearish ABCD pattern, if somehow it gets respected, the D-leg could retrace to the 127% Fib level for the bearish harmonic to completely form.
Market also has seen a notable rejection again from its POC and is now trading above the yellow midline. If the succeeding candles could hold above the midline, it could change into a peach color indicating good volume from buyers.
For the past month of observing this coin's behavior, I know left and right analyses have been invalidated. So we should still be extra careful when entering its market.
#crypto2023 #crypto #cryptocurrency #Binance #BTC
Since its pump last Oct. 3 soaring to $0.003186, $LEVER has seen a massive 54.24% decline.
I'm looking for its "bounce" since in my macro view, it has already touched the golden zone.
Spotting a bearish ABCD pattern, if somehow it gets respected, the D-leg could retrace to the 127% Fib level for the bearish harmonic to completely form.
Market also has seen a notable rejection again from its POC and is now trading above the yellow midline. If the succeeding candles could hold above the midline, it could change into a peach color indicating good volume from buyers.
For the past month of observing this coin's behavior, I know left and right analyses have been invalidated. So we should still be extra careful when entering its market.
#crypto2023 #crypto #cryptocurrency #Binance #BTC
