- POWRETH brokeout above the falling wedge's resistance, hit a swing high and retraced.
- Price is retesting the resistance and the key zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- Price action is printing the pattern.
- The pattern is a reversal pattern.
- We could be at the verge of an uptrend continuation.
BUY ENTRY ⬆️
- Conservative entry: breakout above the neckline resistance (@0.00011382)
- Aggressive entry: market price.
- Horizontal (@0.00014705)
- Horizontal (@0.00017160)
SETUP INVALIDATION ❌
- Breakdown below the 0.786 level.