Here’s an idea you can publish on TradingView based on the provided chart:
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🚀 **Potential Trend Reversal & Fibonacci Golden Ratio Retest!** 🚀
We're approaching a key turning point in the market! 📉➡️📈
🔹 **Descending Wedge Breakout Incoming?**
The price has been consolidating within a descending wedge pattern, typically a strong bullish reversal signal. A breakout from this structure could indicate the beginning of a new impulsive move.
🔹 **Golden Ratio Confluence (0.618 - 0.705 Fibonacci Levels)**
The price is heading toward the **golden ratio zone (0.618 - 0.705 Fib retracement)**, a historically significant level for reversals. Buyers might step in, leading to a strong bullish push.
🔹 **Elliott Wave Structure in Play**
We're potentially forming the **(1)-(2)-(3)-(4)-(5) wave count**, with wave (2) likely completing near the golden ratio before the next impulsive leg (3) to the upside.
🔹 **Potential Targets 🎯**
If we confirm the breakout, our **first major resistance** lies around the **0.5 Fibonacci level (~36.96)**, followed by the **0.382 Fib (~43.06)**. Beyond that, wave (5) could aim even higher!
🔹 **Bullish Divergence on the MACD & RSI**
Momentum indicators are showing signs of reversal, further supporting the potential bullish scenario.
🚨 **What to Watch For:**
✔️ A clear breakout above resistance for confirmation
✔️ Volume increase to support the move
✔️ Retest of broken trendline as support
🔄 If the golden ratio doesn’t hold, deeper retracements to 0.79 Fib (~22.08) remain possible, but for now, bulls seem to be preparing for action!
What do you think? 🚀 Are we ready for the next leg up? Let me know in the comments! 👇
#Crypto #Trading #ElliottWave #Fibonacci #TrendReversal #PriceAction #TechnicalAnalysis
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Let me know if you'd like any adjustments! 🚀📊its not financial advice
---
🚀 **Potential Trend Reversal & Fibonacci Golden Ratio Retest!** 🚀
We're approaching a key turning point in the market! 📉➡️📈
🔹 **Descending Wedge Breakout Incoming?**
The price has been consolidating within a descending wedge pattern, typically a strong bullish reversal signal. A breakout from this structure could indicate the beginning of a new impulsive move.
🔹 **Golden Ratio Confluence (0.618 - 0.705 Fibonacci Levels)**
The price is heading toward the **golden ratio zone (0.618 - 0.705 Fib retracement)**, a historically significant level for reversals. Buyers might step in, leading to a strong bullish push.
🔹 **Elliott Wave Structure in Play**
We're potentially forming the **(1)-(2)-(3)-(4)-(5) wave count**, with wave (2) likely completing near the golden ratio before the next impulsive leg (3) to the upside.
🔹 **Potential Targets 🎯**
If we confirm the breakout, our **first major resistance** lies around the **0.5 Fibonacci level (~36.96)**, followed by the **0.382 Fib (~43.06)**. Beyond that, wave (5) could aim even higher!
🔹 **Bullish Divergence on the MACD & RSI**
Momentum indicators are showing signs of reversal, further supporting the potential bullish scenario.
🚨 **What to Watch For:**
✔️ A clear breakout above resistance for confirmation
✔️ Volume increase to support the move
✔️ Retest of broken trendline as support
🔄 If the golden ratio doesn’t hold, deeper retracements to 0.79 Fib (~22.08) remain possible, but for now, bulls seem to be preparing for action!
What do you think? 🚀 Are we ready for the next leg up? Let me know in the comments! 👇
#Crypto #Trading #ElliottWave #Fibonacci #TrendReversal #PriceAction #TechnicalAnalysis
---
Let me know if you'd like any adjustments! 🚀📊its not financial advice
Trade active
going to targets as mentioned very glas of this idea and hope any one got in the right time as well thanks ALLAH for makes me the eagle eye on that trade AL hamd LELAHNote
I'm adding more to my position 
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.