📊 Technical Analysis Overview
A large cup pattern is forming on the higher timeframes.
The structure shows an expanding triangle in the accumulation zone — typical of a final phase before a major move.
🔸 Key Resistance Zones:
$0.80–$0.90 — strong local resistance
▫️ First major barrier
▫️ Possible fake breakout or retest before continuation
$2.60–$3.72 — macro target
▫️ Aligns with the upper boundary of the expanding triangle
▫️ Matches the projected target area of the cup pattern
▫️ This could be the final destination of a larger impulsive move
🔹 Fundamental Context:
This asset had massive hype during the previous bull cycle.
Crowd expectations ranged from $40 to $100 ), leading to a classic overvaluation and eventual wipeout.
A large cup pattern is forming on the higher timeframes.
The structure shows an expanding triangle in the accumulation zone — typical of a final phase before a major move.
🔸 Key Resistance Zones:
$0.80–$0.90 — strong local resistance
▫️ First major barrier
▫️ Possible fake breakout or retest before continuation
$2.60–$3.72 — macro target
▫️ Aligns with the upper boundary of the expanding triangle
▫️ Matches the projected target area of the cup pattern
▫️ This could be the final destination of a larger impulsive move
🔹 Fundamental Context:
This asset had massive hype during the previous bull cycle.
Crowd expectations ranged from $40 to $100 ), leading to a classic overvaluation and eventual wipeout.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.