After sweeping liquidity below the critical 0.43 zone, DRIFT has spent the past 19 days rebuilding a strong support base, indicating strong buyer absorption. The consolidation structure suggests accumulation is near completion.
Now the price is gearing up for a potential explosive breakout, with signs pointing toward a large impulse candle formation.
First Setup:
A clean 70% move is expected from current levels as the first leg of the rally.
Further targets will be assessed once price reaches the 0.77–0.80 zone, where key resistance and profit-taking activity could emerge.
Now the price is gearing up for a potential explosive breakout, with signs pointing toward a large impulse candle formation.
First Setup:
A clean 70% move is expected from current levels as the first leg of the rally.
Further targets will be assessed once price reaches the 0.77–0.80 zone, where key resistance and profit-taking activity could emerge.
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.