📊 CHARTSCOUT TECHNICAL ALERT: PEOPLE/USDT (1h)
A Descending Triangle pattern is nearing a critical decision point on ConstitutionDAO (PEOPLE/USDT) caught by ChartScout
Technical Breakdown:
🔹 Pattern: Descending Triangle (76.1% Maturity)
🔹 Descending Resistance: Tested 7 times ($0.00808)
🔹 Flat Support Floor: Tested 3 times ($0.00776)
🔹 Current Price: $0.00792
Why it matters:
Sellers are consistently printing lower highs, forcing price against a steady $0.00776 support floor. A confirmed breakdown below support signals potential downward continuation, while clearing descending resistance cancels the setup.
Scan technical chart setups live on ChartScout.
⚠️ DYOR - Not Financial Advice.
#ChartScout $PEOPLE
A Descending Triangle pattern is nearing a critical decision point on ConstitutionDAO (PEOPLE/USDT) caught by ChartScout
Technical Breakdown:
🔹 Pattern: Descending Triangle (76.1% Maturity)
🔹 Descending Resistance: Tested 7 times ($0.00808)
🔹 Flat Support Floor: Tested 3 times ($0.00776)
🔹 Current Price: $0.00792
Why it matters:
Sellers are consistently printing lower highs, forcing price against a steady $0.00776 support floor. A confirmed breakdown below support signals potential downward continuation, while clearing descending resistance cancels the setup.
Scan technical chart setups live on ChartScout.
⚠️ DYOR - Not Financial Advice.
#ChartScout $PEOPLE
