🚀 $CAP is showing a potential technical setup!
The weekly chart for CAP/USDT highlights a strong bounce from local support levels, pushing back towards significant Fibonacci extension resistance zones.
📈 The Technical Setup:
• The Pattern: Fibonacci Extension Retracement Structure
• Short-term Target: 0.07022
• Macro Objective: 0.09114
• Market Structure: reversal/consolidation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.04930 - 0.05000
• Resistance: 0.07022
• Breakout Level: 0.06618
• Stop Loss / Invalidation: 0.04500
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Strong bullish recovery on the weekly candles
• Trend: Upward continuation following a retest of mid-range support
⚠️ Invalidation:
A decisive weekly close below the 0.04500 support level would invalidate this current setup.
CAP is attempting a strong continuation move, with key resistance levels overhead to monitor closely.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#CAP #crypto #BinanceSquare #Binance #BTC
The weekly chart for CAP/USDT highlights a strong bounce from local support levels, pushing back towards significant Fibonacci extension resistance zones.
📈 The Technical Setup:
• The Pattern: Fibonacci Extension Retracement Structure
• Short-term Target: 0.07022
• Macro Objective: 0.09114
• Market Structure: reversal/consolidation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.04930 - 0.05000
• Resistance: 0.07022
• Breakout Level: 0.06618
• Stop Loss / Invalidation: 0.04500
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Strong bullish recovery on the weekly candles
• Trend: Upward continuation following a retest of mid-range support
⚠️ Invalidation:
A decisive weekly close below the 0.04500 support level would invalidate this current setup.
CAP is attempting a strong continuation move, with key resistance levels overhead to monitor closely.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#CAP #crypto #BinanceSquare #Binance #BTC
