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$FART Cup and Handle on 1D chart! ๐ฅ
โ The cup is nicely rounded - a sign of bullish accumulation.
โ Neckline around 0.5561-0.6119 (V-WVWAP) - price is hitting resistance here.
โ Volume is increasing during the breakout attempt - which is a positive signal.
โ Possible "eye" - price may correct back to support before further growth.
Targets:
๐น Cup height measurement: Bottom around 0.3194, neckline 0.5561, gap ~0.2367.
๐น Target level: 0.5561 + 0.2367 = ~0.7928 (possible bull target on patterning confirmation).
๐น Fib levels may help - I see first resistance around 0.6176.
How to play it?
๐ Ideal entry: after a pullback to neckline (retest) or during a confirmed breakout with volume.
๐ Stop-loss: Below the last low of the neckline or below the neckline if it becomes support.
๐ Confirmation.
Overall, the pattern looks very bullish, but the reaction to 0.5561-0.6119 will be important. If it fails there, the ears may go lower.
#technicalanalyst #tradingview #ZenAlgo #cupandhandle #FARTCOIN๐
โ The cup is nicely rounded - a sign of bullish accumulation.
โ Neckline around 0.5561-0.6119 (V-WVWAP) - price is hitting resistance here.
โ Volume is increasing during the breakout attempt - which is a positive signal.
โ Possible "eye" - price may correct back to support before further growth.
Targets:
๐น Cup height measurement: Bottom around 0.3194, neckline 0.5561, gap ~0.2367.
๐น Target level: 0.5561 + 0.2367 = ~0.7928 (possible bull target on patterning confirmation).
๐น Fib levels may help - I see first resistance around 0.6176.
How to play it?
๐ Ideal entry: after a pullback to neckline (retest) or during a confirmed breakout with volume.
๐ Stop-loss: Below the last low of the neckline or below the neckline if it becomes support.
๐ Confirmation.
Overall, the pattern looks very bullish, but the reaction to 0.5561-0.6119 will be important. If it fails there, the ears may go lower.
#technicalanalyst #tradingview #ZenAlgo #cupandhandle #FARTCOIN๐
$TRUMP
Fundamental Overview of TRUMP/USDT:
Official Trump Coin (TRUMP) has gained attention due to its association with former President Donald Trump. With a current price of $11.86 and a market capitalization of approximately $2.37 billion, TRUMP ranks among the notable digital assets in the market. (coinmarketcap.com) Its popularity and volatility attract both investors and traders seeking new opportunities.
Technical Analysis:
We see that TRUMP coin is currently trading within a descending channel, respecting two trendlines that form a falling wedge pattern. If the downward momentum persists, we expect the price to drop into the $4.5-$5.0 range, where we anticipate strong buying pressure to emerge.
Key VWAP levels, highlighted with green circles, act as price magnets, making them crucial points of interest for a potential reversal. Additionally, Fibonacci retracement levels indicate significant resistance around $21.15 (0.618 Fib) and $24.22 (0.786 Fib), which could serve as key breakout targets if the price initiates an upward move.
If the price successfully reclaims these resistance levels, a bullish scenario could unfold, potentially targeting $30+ in the mid-term. However, failure to hold support around $4.5-$5.0 could lead to further downside exploration.
#Tradingveiw #Indicators #zenAlgo
Fundamental Overview of TRUMP/USDT:
Official Trump Coin (TRUMP) has gained attention due to its association with former President Donald Trump. With a current price of $11.86 and a market capitalization of approximately $2.37 billion, TRUMP ranks among the notable digital assets in the market. (coinmarketcap.com) Its popularity and volatility attract both investors and traders seeking new opportunities.
Technical Analysis:
We see that TRUMP coin is currently trading within a descending channel, respecting two trendlines that form a falling wedge pattern. If the downward momentum persists, we expect the price to drop into the $4.5-$5.0 range, where we anticipate strong buying pressure to emerge.
Key VWAP levels, highlighted with green circles, act as price magnets, making them crucial points of interest for a potential reversal. Additionally, Fibonacci retracement levels indicate significant resistance around $21.15 (0.618 Fib) and $24.22 (0.786 Fib), which could serve as key breakout targets if the price initiates an upward move.
If the price successfully reclaims these resistance levels, a bullish scenario could unfold, potentially targeting $30+ in the mid-term. However, failure to hold support around $4.5-$5.0 could lead to further downside exploration.
#Tradingveiw #Indicators #zenAlgo
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