ANALYSIS 🔎
- OCEANUSDT is consolidating in a symmetrical triangle pattern.
- Price bounced off the symmetrical triangle's inclined support.
- Price brokeout above the the descending trendline resistance (1).
- Price pulled back and is retesting the fibonacci retracement level and ascending channel support.
- The retracement is resisted by a descending trendline resistance (2).
- The minor uptrend is bounded in the ascending channel.
- We could see a test of the symmetrical triangle's inclined resistance.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (2).
TARGETS 🎯
- Swing high.
- Fibonacci extension levels.
- Ascending channel resistance.
- Symmetrical triangle's inclined resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support.
- OCEANUSDT is consolidating in a symmetrical triangle pattern.
- Price bounced off the symmetrical triangle's inclined support.
- Price brokeout above the the descending trendline resistance (1).
- Price pulled back and is retesting the fibonacci retracement level and ascending channel support.
- The retracement is resisted by a descending trendline resistance (2).
- The minor uptrend is bounded in the ascending channel.
- We could see a test of the symmetrical triangle's inclined resistance.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (2).
TARGETS 🎯
- Swing high.
- Fibonacci extension levels.
- Ascending channel resistance.
- Symmetrical triangle's inclined resistance.
SETUP INVALIDATION ❌
- Breakdown below the ascending channel support.