DeFi found support at the 1:1 pocket as discussed in my recent TOTALDEFI publish.
A wave up could be expected from here, and if this is the case, there are a few resistance zones I have in mind.
Accumulation Resistance: Price could struggle to break out of this resistance structure.
GW Resistance Structure: If price breaks through the previous accumulation area, we have a 0:0.618 resistance window.
200 MA: Slightly beyond GW structure we have the 200 MA.
Demand Line: We also have the demand lIne resistance.
Overall - I am favoring the outcome of finding resistance at the 200 MA, as this has proven to be significant resistance once we go under.
TOTALDEFI could very well be warming up here. I will make a publish later that could strengthen those odds; regarding GOLD and its effects on TOTAL.
Good Luck Traders.
-Not Financial Advice-
A wave up could be expected from here, and if this is the case, there are a few resistance zones I have in mind.
Accumulation Resistance: Price could struggle to break out of this resistance structure.
GW Resistance Structure: If price breaks through the previous accumulation area, we have a 0:0.618 resistance window.
200 MA: Slightly beyond GW structure we have the 200 MA.
Demand Line: We also have the demand lIne resistance.
Overall - I am favoring the outcome of finding resistance at the 200 MA, as this has proven to be significant resistance once we go under.
TOTALDEFI could very well be warming up here. I will make a publish later that could strengthen those odds; regarding GOLD and its effects on TOTAL.
Good Luck Traders.
-Not Financial Advice-
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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.
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.