๐ $PONS /USDT: Harmonic Reversal Active โ Breakout Impending! ๐ฅ
The 4-hour chart for PONS (TetherUS Perpetual Contract) reveals an ultra-clean Harmonic Reversal Pattern completing its final corrective wave. After a deep shakeout that hit a local bottom right at the 1.618 Fibonacci expansion level ($0.3220), buyers stepped in with strong force to confirm a major trend reversal structure!
๐ Key Technical Levels:
โข Current Situation: Trading at $0.3524 (+2.38%), compressing right underneath the macro descending trendline.
โข Immediate Objective: $0.4944 (1.0 Fibonacci breakout resistance line).
โข Golden Pocket Target: $0.6040 (0.618 Golden Pocket zone).
โข Macro Peak Target: $0.7116+ (0.236 Fibonacci extension).
โข Invalidation Floor: A 4-hour close back below $0.3220 invalidates this bullish structural reversal.
๐ก Smart Strategy: Position on localized breakouts above the descending trendline or minor retests of the $0.3400 zone.
#ponsusdt #crypto #altcoins #TechnicalAnalysis
The 4-hour chart for PONS (TetherUS Perpetual Contract) reveals an ultra-clean Harmonic Reversal Pattern completing its final corrective wave. After a deep shakeout that hit a local bottom right at the 1.618 Fibonacci expansion level ($0.3220), buyers stepped in with strong force to confirm a major trend reversal structure!
๐ Key Technical Levels:
โข Current Situation: Trading at $0.3524 (+2.38%), compressing right underneath the macro descending trendline.
โข Immediate Objective: $0.4944 (1.0 Fibonacci breakout resistance line).
โข Golden Pocket Target: $0.6040 (0.618 Golden Pocket zone).
โข Macro Peak Target: $0.7116+ (0.236 Fibonacci extension).
โข Invalidation Floor: A 4-hour close back below $0.3220 invalidates this bullish structural reversal.
๐ก Smart Strategy: Position on localized breakouts above the descending trendline or minor retests of the $0.3400 zone.
#ponsusdt #crypto #altcoins #TechnicalAnalysis