🚀 $AGLD is showing a potential technical setup!
The weekly chart on Bybit displays a significant long-term correction followed by a stabilization phase and potential base formation around the 0.1000-0.1500 support region.
📈 The Technical Setup:
• The Pattern: Potential Harmonic / W-bottom Reversal Setup
• Short-term Target: 0.3500 USDT
• Macro Objective: 0.7400 USDT
• Market Structure: Reversal / Accumulation Base
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.1500 - 0.1800 USDT
• Resistance: 0.2500 - 0.3000 USDT
• Breakout Level: 0.2500 USDT
• Stop Loss / Invalidation: 0.1300 USDT
📊 Confirmation:
• Volume: Neutral/standard volume building at the base
• Momentum: Bullish reaction from long-term low support around 0.1000 USDT
• Trend: Transitioning from macro downtrend to potential range accumulation and reversal
⚠️ Invalidation:
A decisive weekly close below the 0.1300 USDT swing low would invalidate this reversal setup.
Monitor price action near the 0.2500 resistance breakout level for possible continuation toward macro targets.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#AGLD #crypto #BinanceSquare #tradingview #TechnicalAnalysis
The weekly chart on Bybit displays a significant long-term correction followed by a stabilization phase and potential base formation around the 0.1000-0.1500 support region.
📈 The Technical Setup:
• The Pattern: Potential Harmonic / W-bottom Reversal Setup
• Short-term Target: 0.3500 USDT
• Macro Objective: 0.7400 USDT
• Market Structure: Reversal / Accumulation Base
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.1500 - 0.1800 USDT
• Resistance: 0.2500 - 0.3000 USDT
• Breakout Level: 0.2500 USDT
• Stop Loss / Invalidation: 0.1300 USDT
📊 Confirmation:
• Volume: Neutral/standard volume building at the base
• Momentum: Bullish reaction from long-term low support around 0.1000 USDT
• Trend: Transitioning from macro downtrend to potential range accumulation and reversal
⚠️ Invalidation:
A decisive weekly close below the 0.1300 USDT swing low would invalidate this reversal setup.
Monitor price action near the 0.2500 resistance breakout level for possible continuation toward macro targets.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#AGLD #crypto #BinanceSquare #tradingview #TechnicalAnalysis
