🚀 $AKT is showing a potential technical setup!
The weekly chart on Binance highlights a transition from a macro correction into a bullish continuation structure towards higher Fibonacci targets.
📈 The Technical Setup:
• The Pattern: Fibonacci Extension / Reversal Structure
• Short-term Target: 0.7659 (Fib 1.618)
• Macro Objective: 1.8510
• Market Structure: potential breakout and continuation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.5000 - 0.5691
• Resistance: 0.7649
• Breakout Level: 0.7659
• Stop Loss / Invalidation: 0.4480
📊 Confirmation:
• Volume: Neutral/standard volume visible on weekly timeframe
• Momentum: Bullish expansion on recent weekly candles following a higher low
• Trend: Transitioning from a macro downtrend into a potential reversal structure
⚠️ Invalidation:
A weekly close below the 0.4480 support zone would invalidate the bullish setup.
Monitor key resistance and potential breakout levels closely for continuation confirmation.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#AKT #crypto #BinanceSquare #tradingview #TechnicalAnalysis
The weekly chart on Binance highlights a transition from a macro correction into a bullish continuation structure towards higher Fibonacci targets.
📈 The Technical Setup:
• The Pattern: Fibonacci Extension / Reversal Structure
• Short-term Target: 0.7659 (Fib 1.618)
• Macro Objective: 1.8510
• Market Structure: potential breakout and continuation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.5000 - 0.5691
• Resistance: 0.7649
• Breakout Level: 0.7659
• Stop Loss / Invalidation: 0.4480
📊 Confirmation:
• Volume: Neutral/standard volume visible on weekly timeframe
• Momentum: Bullish expansion on recent weekly candles following a higher low
• Trend: Transitioning from a macro downtrend into a potential reversal structure
⚠️ Invalidation:
A weekly close below the 0.4480 support zone would invalidate the bullish setup.
Monitor key resistance and potential breakout levels closely for continuation confirmation.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#AKT #crypto #BinanceSquare #tradingview #TechnicalAnalysis
