SWRV/BUSD { SWERVE } - BULLISH SETUP
ANALYSIS 🔎
- SWRV/BUSD has been on an uptrend since 20th July 2021.
- The market hit a swing high and retraced.
- Price is retesting the flip horizontal support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- There's an uptrend continuation potential from this zone.
BUY ENTRY ⬆️
- Aggressive entry (risky): current market price
TARGETS 🎯
- Horizontal resistance level (@1.5684).
- Horizontal resistance level (@1.9900).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
- SWRV/BUSD has been on an uptrend since 20th July 2021.
- The market hit a swing high and retraced.
- Price is retesting the flip horizontal support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- There's an uptrend continuation potential from this zone.
BUY ENTRY ⬆️
- Aggressive entry (risky): current market price
TARGETS 🎯
- Horizontal resistance level (@1.5684).
- Horizontal resistance level (@1.9900).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
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