Long
AKROUSDT (AKROUSDT) - UPTREND CONTINUATION
ANALYSIS 🔎
- AKROUSDT is bounded in a major ascending channel.
- Price rejected the major ascending channel resistance and is retracing to the major ascending channel support.
- The retracement is bounded in a minor descending channel.
- Price is testing the major ascending channel support and fibonacci retracement levels.
- Possible bounce off the major ascending channel support.
BUY ENTRY ⬆️
- Aggressive (risky) : fibonacci retracement levels, major ascending channel support, minor descending channel support
- Conservative : breakout above the minor descending channel resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Major ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the major ascending channel support.
- AKROUSDT is bounded in a major ascending channel.
- Price rejected the major ascending channel resistance and is retracing to the major ascending channel support.
- The retracement is bounded in a minor descending channel.
- Price is testing the major ascending channel support and fibonacci retracement levels.
- Possible bounce off the major ascending channel support.
BUY ENTRY ⬆️
- Aggressive (risky) : fibonacci retracement levels, major ascending channel support, minor descending channel support
- Conservative : breakout above the minor descending channel resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Major ascending channel resistance.
SETUP INVALIDATION ❌
- Breakdown below the major ascending channel support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.