🔍 Graph Analysis$FET /USDC (1H)

📌 Recognition of the Three Drives Pattern

  • This pattern consists of three successive troughs, each accompanied by intermediate retracements.

  • The bearish leg extensions appear to be nearly symmetrical, which fits the model criteria.

  • After the third trough, the price starts to bounce, indicating a possible bullish trend reversal.

📈 Factors that confirm a potential increase

  1. Moving Averages (MA)

    • The MA 9 (orange line) is crossing upwards, which is a good sign of bullish momentum.

    • The MA 25 and MA 99 are still above the current price, but if the breakout continues, it may trigger an uptrend.

  2. Zone de Stop-Loss et Take-Profit

    • You have defined a green zone (bullish target) which corresponds to a good risk/reward ratio.

    • The stop-loss (red zone) is well positioned below the last trough, limiting the risk in the event of invalidation of the pattern.

  3. Prize Screenings

    • You have drawn a zigzag upward trajectory which follows the principle of a bullish correction in Elliott Waves.

    • The first key target is around 1.12 – 1.13 USDC, corresponding to the previous resistance.

⚠ Points of Vigilance

  • Low Volume 📉: Confirmation of the rise requires an increase in volume to validate the breakout.

  • MA 99 Resistance: Until it is crossed, the uptrend may be fragile.

  • Possible rejection at 1.10-1.12 USDC: This level could be a profit-taking zone for traders.

✅ Conclusion

  • If the Three Drives Pattern is confirmed and the price breaks the resistance of 1.03 - 1.05 USDC, then we could target 1.12 - 1.13 USDC in the short term.

  • What to watch: volume, price reaction to resistances and confirmation of moving average crossover.

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