Fartcoin Tests Major Resistance – ABCD Correction in Play?
FART is trading at a significant resistance level, with signs suggesting the completion of an Elliott Wave 5. This could trigger a larger corrective ABCD pattern.
Price has stalled at the $1.15–$1.30 range with multiple daily rejections.
Wave 5 structure appears completed, pointing toward corrective downside.
Macro ABCD correction setup is visible, hinting at extended retracement.
From a structure standpoint, this region represents a potential macro lower high. Without strong bullish follow-through, the market could begin a deeper retracement phase. The lack of candle closures above $1.30, paired with a bearish order block at that level, suggests strong resistance.
If sellers regain control, the next area of interest lies in the $0.90–$1.00 range, with further downside possible if the macro ABCD pattern plays out fully.
FART is trading at a significant resistance level, with signs suggesting the completion of an Elliott Wave 5. This could trigger a larger corrective ABCD pattern.
Price has stalled at the $1.15–$1.30 range with multiple daily rejections.
Wave 5 structure appears completed, pointing toward corrective downside.
Macro ABCD correction setup is visible, hinting at extended retracement.
From a structure standpoint, this region represents a potential macro lower high. Without strong bullish follow-through, the market could begin a deeper retracement phase. The lack of candle closures above $1.30, paired with a bearish order block at that level, suggests strong resistance.
If sellers regain control, the next area of interest lies in the $0.90–$1.00 range, with further downside possible if the macro ABCD pattern plays out fully.
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Join the Free Trading Group
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.