ANALYSIS 🔎
- ADAUSDT was bounded in the falling wedge (FW) pattern.
- Price brokeout above the falling wedge's resistance as expected.
- The market retraced for a retest of the falling wedge's resistance and key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- Price action is printing a symmetrical triangle (ST) pattern.
- Breakout above this pattern could be a bullish signal.
BUY ENTRY ⬆️
- Conservative : breakout above the symmetrical triangle's inclined resistance.
- Aggressive : market price.
TARGETS 🎯
- Horizontal resistance level (R1).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
- ADAUSDT was bounded in the falling wedge (FW) pattern.
- Price brokeout above the falling wedge's resistance as expected.
- The market retraced for a retest of the falling wedge's resistance and key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- Price action is printing a symmetrical triangle (ST) pattern.
- Breakout above this pattern could be a bullish signal.
BUY ENTRY ⬆️
- Conservative : breakout above the symmetrical triangle's inclined resistance.
- Aggressive : market price.
TARGETS 🎯
- Horizontal resistance level (R1).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.