Panjang
PROMBUSD { PROMETEUS } - BULLISH SETUP
ANALYSIS 🔎
- PROMBUSD is on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the flip horizontal support, the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- Price action is printing an inverse head and shoulders pattern at the retest zone.
- The inverse head and shoulders pattern is a bullish reversal pattern.
BUY ENTRY ⬆️
- Breakout above the inverse head and shoulders neckline resistance (@15.5)
TARGETS 🎯
- Horizontal resistance level (@17.27).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's horizontal support level (@14.384).
- PROMBUSD is on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the flip horizontal support, the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- Price action is printing an inverse head and shoulders pattern at the retest zone.
- The inverse head and shoulders pattern is a bullish reversal pattern.
BUY ENTRY ⬆️
- Breakout above the inverse head and shoulders neckline resistance (@15.5)
TARGETS 🎯
- Horizontal resistance level (@17.27).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the right shoulder's horizontal support level (@14.384).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.