ANALYSIS 🔎
- MINA/USDT is on an uptrend bounded in the ascending channel.
- Price got rejected off the ascending channel's resistance, currently undergoing a retracement
- The retracement is approaching the bullish support confluence of the key fibonacci retracement zone (0.5 - 0.618 - 0.786), the flip horizontal support and the ascending channel's support.
- There will be an uptrend continuation possibility at the bullish support confluence.
BUY ENTRY ⬆️
- Test of the bullish support confluence.
TARGETS 🎯
- Horizontal resistance level (@4.677).
- Fibonacci extension levels.
- Ascending channel's resistance.
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the ascending channel's support.
- Final invalidation: breakdown below the 0.786 fibonacci retracement level.
Eğlence 🥂
- MINA/USDT is on an uptrend bounded in the ascending channel.
- Price got rejected off the ascending channel's resistance, currently undergoing a retracement
- The retracement is approaching the bullish support confluence of the key fibonacci retracement zone (0.5 - 0.618 - 0.786), the flip horizontal support and the ascending channel's support.
- There will be an uptrend continuation possibility at the bullish support confluence.
BUY ENTRY ⬆️
- Test of the bullish support confluence.
TARGETS 🎯
- Horizontal resistance level (@4.677).
- Fibonacci extension levels.
- Ascending channel's resistance.
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the ascending channel's support.
- Final invalidation: breakdown below the 0.786 fibonacci retracement level.
Eğlence 🥂