ANALYSIS 🔎
- RAMP/USDT hit a swing high and retraced.
- Price is currently testing the key fibonacci retracement zone (0.618 - 0.7 - 0.786).
- The pullback retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price action is printing the double bottom trend reversal pattern.
- This is a bullish chart pattern.
- There's an uptrend continuation potential.
BUY ENTRY ⬆️
- Aggressive entry (more profitable): current market price
- Conservative entry (higher success rate): breakout above the double bottom neckline resistance (@0.3600).
TARGETS 🎯
- Horizontal resistance level (@0.4300).
- Horizontal resistance level (@0.5693).
- Fibonacci extension levels 1.0 (@0.6913).
SETUP INVALIDATION ❌
- Breakdown below the horizontal support level (@0.2470).
- RAMP/USDT hit a swing high and retraced.
- Price is currently testing the key fibonacci retracement zone (0.618 - 0.7 - 0.786).
- The pullback retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price action is printing the double bottom trend reversal pattern.
- This is a bullish chart pattern.
- There's an uptrend continuation potential.
BUY ENTRY ⬆️
- Aggressive entry (more profitable): current market price
- Conservative entry (higher success rate): breakout above the double bottom neckline resistance (@0.3600).
TARGETS 🎯
- Horizontal resistance level (@0.4300).
- Horizontal resistance level (@0.5693).
- Fibonacci extension levels 1.0 (@0.6913).
SETUP INVALIDATION ❌
- Breakdown below the horizontal support level (@0.2470).