You have a big structure (blue box). Within that structure you get the final SFP before price breaks down further. This structure is what creates resistance if price gets back to it.
You can't SFP the SFP (unless it's a Short Deviation Setup which isn't possible here due to horizontality).
When price manages to get back to the SFP it's a sign that the structure doesn't provide resistance anymore. For true resistance price should never come back to this SFP high (green line).
The lowest low is a 1D SFP which creates a solid base. Without any technical basis you can also see that price has started trending back up (HH's which aren't SFP's).
No resistance + solid base (1D LL SFP) + LTF uptrend = future HTF uptrend?
Normally I'm more hesitant regarding altcoin charts (my only real expertise is BTC) but given that BTC is highly likely to pump, good looking/most altcoins will pump with it. And this coin certainly looks good.
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.