FIS - Triple Bottom Formation with Massive Targets |1H- 1W VIEW

1 gen

TECHNICAL ANALYSIS: 🎯

Pattern Structure:
- Price: $0.4667 (-2.24%)
- Timeframe: Weekly (1W)
- Clear triple bottom formation (2022-2024)
- Strong horizontal support: $0.42

Major Price Targets:
TP1: $1.2867 (344.08% potential)
TP2: $2.3459 (501.44% potential)

Technical Insights:
- Triple bottom pattern confirmed with three tests of $0.42 support
- Multiple touches of resistance at $0.90-1.00 zone
- Clear bullish divergence on weekly timeframe
- Moving averages showing potential golden cross setup

THIS 1H CHART VIEW


Key Levels:
▪️ Major Support: $0.42 (Must Hold)
▪️ Immediate Resistance: $0.90
▪️ Breakout Level: $1.00

Risk Management:
- Entry Zone: $0.45-0.48
- Stop Loss: Below $0.40 (Weekly close)

- Risk:Reward ratio
• To TP1: 1:15
• To TP2: 1:25

Timeframe: Weekly
Bias: Strong Bullish on Break
Pattern: Triple Bottom / Accumulation

Note: Such high targets require patience and proper position sizing. This is a long-term setup. Not financial advice.

#FIS #Crypto #TechnicalAnalysis #Binance

Key Observation: Pattern suggests massive accumulation phase since 2022, with potential for significant upside movement on volume confirmation.