ANALYSIS 🔎
- POLS/USDT is currently on an uptrend.
- The market hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and the horizontal support level.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- The pullback retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance will be a bullish signal.
- The market could be on the verge of the 5th impulsive Elliott wave.
BUY ENTRY ⬆️
- Conservative entry: breakout above the descending trendline resistance.
- Aggressive entry: key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@3.550).
- Horizontal resistance level (@4.280).
- Fibonacci extension level 1.0 (@5.382).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@1.981).
- POLS/USDT is currently on an uptrend.
- The market hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and the horizontal support level.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- The pullback retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance will be a bullish signal.
- The market could be on the verge of the 5th impulsive Elliott wave.
BUY ENTRY ⬆️
- Conservative entry: breakout above the descending trendline resistance.
- Aggressive entry: key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@3.550).
- Horizontal resistance level (@4.280).
- Fibonacci extension level 1.0 (@5.382).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@1.981).