Long
ANT/USDT { ARAGON } - BULLISH SETUP
ANALYSIS 🔎
- ANT/USDT was ranging in a rectangular pattern.
- The market brokeout above the range resistance, hit a swing high (@6.499) and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and the horizontal support level.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
BUY ENTRY ⬆️
- Key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@5.708).
- Horizontal resistance level (6 499).
- Fibonacci extension level 1.0 (@7.219).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@4.595).
- ANT/USDT was ranging in a rectangular pattern.
- The market brokeout above the range resistance, hit a swing high (@6.499) and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and the horizontal support level.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
BUY ENTRY ⬆️
- Key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@5.708).
- Horizontal resistance level (6 499).
- Fibonacci extension level 1.0 (@7.219).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@4.595).
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.