Chibuike_Odoh

FRONTUSD (FRONTIER) - POTENTIAL BUY ENTRY

Long
BINANCE:FRONTUSD   FRONT / US Dollar (calculated by TradingView)
ANALYSIS 🔎
- FRONTUSD was bounded in the falling wedge (FW-1) pattern.
- Price brokeout above the falling wedge's (FW-1) resistance.
- The market then retraced and is testing the flip horizontal support ( FHS ).
- There's a relatively high concentration of buyers at the test zone.
- The retracement is bounded another falling wedge pattern (FW-2).
- A falling wedge pattern is a bullish reversal pattern.
- There's a breakout potential.

BUY ENTRY ⬆️
- Breakout above the falling wedge's (FW-2) resistance and horizontal resistance level (R1).

TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).

SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.

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