ANALYSIS 🔎
- SCRT/BTC was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price is currently undergoing a retracement, resisited by the descending trendline resistance.
- A breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Aggressive entry (more profitable): the key fibonacci retracement zone ( 0.5 - 0.618 - 0.784 ).
- Conservative entry (higher success rate): breakout above the descending trendline resistance.
TARGETS 🎯
Short term targets (black arrow pointers).
- Horizontal resistance level (@0.00003852).
- Horizontal resistance level (@0.00004950).
Long term targets (blue arrow pointers).
- Horizontal resistance level (@0.00007600).
- Horizontal resistance level (@0.00010100).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
- SCRT/BTC was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price is currently undergoing a retracement, resisited by the descending trendline resistance.
- A breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Aggressive entry (more profitable): the key fibonacci retracement zone ( 0.5 - 0.618 - 0.784 ).
- Conservative entry (higher success rate): breakout above the descending trendline resistance.
TARGETS 🎯
Short term targets (black arrow pointers).
- Horizontal resistance level (@0.00003852).
- Horizontal resistance level (@0.00004950).
Long term targets (blue arrow pointers).
- Horizontal resistance level (@0.00007600).
- Horizontal resistance level (@0.00010100).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.