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Griffain

GRIFFAIN Chart Signals Bullish Rally$GRIFFAIN is forming a bullish ascending triangle pattern on the daily chart, signaling a potential breakout. Price is consolidating just below key resistance at $0.048, supported by a strong ascending trendline and a historical support zone. A breakout above the triangle could trigger a sharp move toward the $0.15 level, offering a potential upside of over 100%-200%. The setup suggests growing bullish momentum and a possible trend reversal. BITGET:GRIFFAINUSDT
Long
by HexaTrades
GRIFFAIN BEARISH SETUPGRIFFAIN/USDT (1H Chart) – Distribution Phase Signals Short-Term Bearish Reversal The 1-hour chart of GRIFFAIN/USDT on Binance displays a distribution pattern at the recent high, suggesting bullish exhaustion and an imminent correction. Price has now broken below the consolidation range, confirming a shift in intraday sentiment. 🔍 Key Technical Insights: Distribution Zone Formed: Price stalled at the top with several failed attempts to push higher, forming a range – a classic sign of distribution before reversal. Bearish Breakdown: The bearish candle has breached support, initiating a potential downward move toward the 0.5 Fibonacci retracement level. Key Level to Watch: Next Target: $0.0400 (50% Fib level + historical demand zone) Further Support: $0.0360 (Fib 0.786 region) 📉 Outlook & Expectations: Short-term bias remains bearish below the $0.0458 zone. As long as price stays below the distribution range, expect continuation toward the $0.0400 support area, aligning with key structural and Fibonacci levels. This setup is ideal for intraday or short-term swing traders watching for pullback entries or breakdown continuation.
Short
by traderchamp_