ANALYSIS 🔎
- REEFUSDT is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- Price is retesting the ascending triangle's inclined support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- There's a potential formation of the inverse head and shoulders pattern.
- The inverse head and shoulders pattern is a bullish reversal pattern.
- The right shoulder downtrend is bounded in the falling wedge pattern.
- A falling wedge pattern is a reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Inverse head and shoulders neckline resistance.
- Ascending triangle's horizontal resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
- REEFUSDT is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- Price is retesting the ascending triangle's inclined support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- There's a potential formation of the inverse head and shoulders pattern.
- The inverse head and shoulders pattern is a bullish reversal pattern.
- The right shoulder downtrend is bounded in the falling wedge pattern.
- A falling wedge pattern is a reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Inverse head and shoulders neckline resistance.
- Ascending triangle's horizontal resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.