Fartcoin Tests Major Resistance – ABCD Correction in Play?
FART is trading at a significant resistance level, with signs suggesting the completion of an Elliott Wave 5. This could trigger a larger corrective ABCD pattern.
Price has stalled at the $1.15–$1.30 range with multiple daily rejections.
Wave 5 structure appears completed, pointing toward corrective downside.
Macro ABCD correction setup is visible, hinting at extended retracement.
From a structure standpoint, this region represents a potential macro lower high. Without strong bullish follow-through, the market could begin a deeper retracement phase. The lack of candle closures above $1.30, paired with a bearish order block at that level, suggests strong resistance.
If sellers regain control, the next area of interest lies in the $0.90–$1.00 range, with further downside possible if the macro ABCD pattern plays out fully.
FART is trading at a significant resistance level, with signs suggesting the completion of an Elliott Wave 5. This could trigger a larger corrective ABCD pattern.
Price has stalled at the $1.15–$1.30 range with multiple daily rejections.
Wave 5 structure appears completed, pointing toward corrective downside.
Macro ABCD correction setup is visible, hinting at extended retracement.
From a structure standpoint, this region represents a potential macro lower high. Without strong bullish follow-through, the market could begin a deeper retracement phase. The lack of candle closures above $1.30, paired with a bearish order block at that level, suggests strong resistance.
If sellers regain control, the next area of interest lies in the $0.90–$1.00 range, with further downside possible if the macro ABCD pattern plays out fully.
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Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
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.