๐ $Q is showing a potential technical setup!
The weekly chart shows a strong upward push following a prolonged consolidation and higher low formation from the March low.
๐ The Technical Setup:
โข The Pattern: Ascending Triangle / Accumulation Base
โข Short-term Target: $0.04500
โข Macro Objective: $0.06000
โข Market Structure: Reversal and breakout setup
๐ฏ Key Levels to Watch:
โข Support / Accumulation Zone: $0.01500 - $0.02000
โข Resistance: $0.04000
โข Breakout Level: $0.04000
โข Stop Loss / Invalidation: $0.01500
๐ Confirmation:
โข Volume: Visible increase in green volume on the latest weekly candles
โข Momentum: Strong bullish candle momentum breaking recent consolidation range
โข Trend: Higher lows established along the ascending trendline
โ ๏ธ Invalidation:
A weekly close below the ascending support trendline around $0.01500 invalidates this setup.
Price is testing key resistance after respecting higher lows from the March low.
๐ Creator: NOUMAN_DON (@NOUMAN_DON)
#q #crypto #BinanceSquare #Binance #altcoins
The weekly chart shows a strong upward push following a prolonged consolidation and higher low formation from the March low.
๐ The Technical Setup:
โข The Pattern: Ascending Triangle / Accumulation Base
โข Short-term Target: $0.04500
โข Macro Objective: $0.06000
โข Market Structure: Reversal and breakout setup
๐ฏ Key Levels to Watch:
โข Support / Accumulation Zone: $0.01500 - $0.02000
โข Resistance: $0.04000
โข Breakout Level: $0.04000
โข Stop Loss / Invalidation: $0.01500
๐ Confirmation:
โข Volume: Visible increase in green volume on the latest weekly candles
โข Momentum: Strong bullish candle momentum breaking recent consolidation range
โข Trend: Higher lows established along the ascending trendline
โ ๏ธ Invalidation:
A weekly close below the ascending support trendline around $0.01500 invalidates this setup.
Price is testing key resistance after respecting higher lows from the March low.
๐ Creator: NOUMAN_DON (@NOUMAN_DON)
#q #crypto #BinanceSquare #Binance #altcoins
