🚀 $ELSA /USDT: Macro Reversal Retest Holding – Next Leg Up Preparing! đŸ”„
The weekly chart for ELSA (ELSA/TetherUS Perpetual Contract) exhibits a clean technical trend pivot. After defending the 1.618 Fibonacci macro floor ($0.04156) earlier this summer, the price initiated a strong recovery structure and has successfully established a rising higher-low configuration directly along its new ascending support trendline!
📊 Key Technical Levels:
‱ Current Situation: Consolidating cleanly above the 1.0 Fibonacci breakout resistance line ($0.05813).
‱ Immediate Objective: $0.06841 (0.618 Golden Pocket resistance level).
‱ Main Path Target: $0.07671 (0.382 Fibonacci pivot zone indicated by the bullish path arrow).
‱ Macro Peak Target: $0.08500+ (0 Fibonacci multi-month structural top).
‱ Invalidation Floor: A weekly candle close back below $0.04156 nullifies this recovery structure.
💡 Smart Strategy: Build positions systematically inside this trendline compression pocket before the next vertical expansion triggers.
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