Chart Overview
- Pattern Identified: Falling Wedge Pattern
- A bullish reversal pattern, often appearing after a downtrend.
- Three major touchpoints on the lower trendline indicate strong support and pattern validity.
Demand Zone (Support Area)
- Marked near the current price level ($2.0309 - $2.6722)
- Price is testing this zone for the third time.
Supply Zone (Resistance Area)
- Around ($6.6529 – $9.2734)
- Multiple swing highs are plotted within or near this region, indicating strong historical resistance.
Volume Profile (Right side of chart)
- High volume node between $2.50 – $4.00 suggests price acceptance and a potential area for consolidation or resistance after breakout.
- Low volume area between $4.50 – $6.50 implies less resistance, so price might move quickly through it.
FVG (Fair Value Gaps)
- Several FVGs (imbalance zones) are highlighted.
- $3.8 – $4.05
- $5.8236 – $6.1663
- These zones often act as magnets for price, offering potential targets after breakout.
📏 Fibonacci Levels
- Pullback levels (0.28, 0.5, 0.618, 0.786) are marked.
- Price may retrace toward these areas as part of the bullish structure.
✅ Bullish Scenario
- Breakout from the falling wedge pattern.
- Price pushes into first FVG (~$3.8), then toward $5.8236 – $6.1663, eventually challenging the supply zone ($6.6529 – $9.2734)
⚠️ Risks
- If price breaks below the demand zone, it invalidates the wedge and opens room for further downside.
- Falling wedge breakouts require confirmation (e.g., daily close above wedge resistance).
📊 Summary
- Bias: Bullish if support holds and wedge breakout occurs.
- Trigger: Break and close above wedge resistance line.
- Targets: $3.8 → $5.8 → $6.1 → $9.5
- Invalidation: Daily close below the demand zone ($2.00 - $1.90)
Please note this is not financial Advice. This is just an analysis!
- Pattern Identified: Falling Wedge Pattern
- A bullish reversal pattern, often appearing after a downtrend.
- Three major touchpoints on the lower trendline indicate strong support and pattern validity.
Demand Zone (Support Area)
- Marked near the current price level ($2.0309 - $2.6722)
- Price is testing this zone for the third time.
Supply Zone (Resistance Area)
- Around ($6.6529 – $9.2734)
- Multiple swing highs are plotted within or near this region, indicating strong historical resistance.
Volume Profile (Right side of chart)
- High volume node between $2.50 – $4.00 suggests price acceptance and a potential area for consolidation or resistance after breakout.
- Low volume area between $4.50 – $6.50 implies less resistance, so price might move quickly through it.
FVG (Fair Value Gaps)
- Several FVGs (imbalance zones) are highlighted.
- $3.8 – $4.05
- $5.8236 – $6.1663
- These zones often act as magnets for price, offering potential targets after breakout.
📏 Fibonacci Levels
- Pullback levels (0.28, 0.5, 0.618, 0.786) are marked.
- Price may retrace toward these areas as part of the bullish structure.
✅ Bullish Scenario
- Breakout from the falling wedge pattern.
- Price pushes into first FVG (~$3.8), then toward $5.8236 – $6.1663, eventually challenging the supply zone ($6.6529 – $9.2734)
⚠️ Risks
- If price breaks below the demand zone, it invalidates the wedge and opens room for further downside.
- Falling wedge breakouts require confirmation (e.g., daily close above wedge resistance).
📊 Summary
- Bias: Bullish if support holds and wedge breakout occurs.
- Trigger: Break and close above wedge resistance line.
- Targets: $3.8 → $5.8 → $6.1 → $9.5
- Invalidation: Daily close below the demand zone ($2.00 - $1.90)
Please note this is not financial Advice. This is just an analysis!
交易進行
Price retested the demand zone point of $2.0309 and failed to break through, with 4 candles taking place with large wicks the bulls begin to gain strength.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。