ANALYSIS 🔎
- JST/USDT is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- Price is retesting the horizontal support level and key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- There's a bullish bounce possibility.
BUY ENTRY ⬆️
- Key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Ascending triangle's horizontal resistance level (@0.09700).
- Further breakout above the ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension level 1.0 (@0.11223).
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the 0.786 fibonacci retracement level (@0.07286).
- Final invalidation: breakdown below the ascending triangle's inclined support.
- JST/USDT is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- Price is retesting the horizontal support level and key fibonacci retracement zone (0.618 - 0.702 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- There's a bullish bounce possibility.
BUY ENTRY ⬆️
- Key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Ascending triangle's horizontal resistance level (@0.09700).
- Further breakout above the ascending triangle's horizontal resistance could lead to a pump to the fibonacci extension level 1.0 (@0.11223).
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the 0.786 fibonacci retracement level (@0.07286).
- Final invalidation: breakdown below the ascending triangle's inclined support.