Fartcoin Tests Major Resistance – ABCD Correction in Play?
FART is trading at a significant resistance level, with signs suggesting the completion of an Elliott Wave 5. This could trigger a larger corrective ABCD pattern.
Price has stalled at the $1.15–$1.30 range with multiple daily rejections.
Wave 5 structure appears completed, pointing toward corrective downside.
Macro ABCD correction setup is visible, hinting at extended retracement.
From a structure standpoint, this region represents a potential macro lower high. Without strong bullish follow-through, the market could begin a deeper retracement phase. The lack of candle closures above $1.30, paired with a bearish order block at that level, suggests strong resistance.
If sellers regain control, the next area of interest lies in the $0.90–$1.00 range, with further downside possible if the macro ABCD pattern plays out fully.
FART is trading at a significant resistance level, with signs suggesting the completion of an Elliott Wave 5. This could trigger a larger corrective ABCD pattern.
Price has stalled at the $1.15–$1.30 range with multiple daily rejections.
Wave 5 structure appears completed, pointing toward corrective downside.
Macro ABCD correction setup is visible, hinting at extended retracement.
From a structure standpoint, this region represents a potential macro lower high. Without strong bullish follow-through, the market could begin a deeper retracement phase. The lack of candle closures above $1.30, paired with a bearish order block at that level, suggests strong resistance.
If sellers regain control, the next area of interest lies in the $0.90–$1.00 range, with further downside possible if the macro ABCD pattern plays out fully.
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.