GK-ARONNO
--
PNUT/USDT is Dead ?💥🚀🎯
$PNUT
PNUT/USDT is currently trading within a well-defined descending channel. The price action indicates a consistent downtrend with lower highs and lower lows. Fibonacci retracement levels and triangle patterns provide clues to possible price movement in the short to medium term.
TradingView Idea: PNUT/USDT Analysis – Key Levels and Potential Breakout
Overview:
PNUT/USDT is currently trading within a well-defined descending channel. The price action indicates a consistent downtrend with lower highs and lower lows. Fibonacci retracement levels and triangle patterns provide clues to possible price movement in the short to medium term.
Key Analysis:
Descending Channel:
The price is moving inside a downward-sloping channel. The green lines highlight the upper resistance and lower support. This channel has dictated the overall bearish trend so far.
Fibonacci Levels:
Key Fibonacci levels such as 0.618 ($0.542) and 1.618 ($0.334) are critical areas of support.
If the price breaks below $0.334, it may continue toward $0.28 or $0.12 (2.618 Fibonacci).
Triangle Pattern:
A triangle pattern is forming in the lower range, suggesting price consolidation.
A breakout above the triangle could lead to a reversal toward $0.47 (Channel Resistance) or higher.
A breakdown below the triangle may trigger further downside, confirming the continuation of the bearish trend.
PNUT/USDT is currently trading within a well-defined descending channel. The price action indicates a consistent downtrend with lower highs and lower lows. Fibonacci retracement levels and triangle patterns provide clues to possible price movement in the short to medium term.
TradingView Idea: PNUT/USDT Analysis – Key Levels and Potential Breakout
Overview:
PNUT/USDT is currently trading within a well-defined descending channel. The price action indicates a consistent downtrend with lower highs and lower lows. Fibonacci retracement levels and triangle patterns provide clues to possible price movement in the short to medium term.
Key Analysis:
Descending Channel:
The price is moving inside a downward-sloping channel. The green lines highlight the upper resistance and lower support. This channel has dictated the overall bearish trend so far.
Fibonacci Levels:
Key Fibonacci levels such as 0.618 ($0.542) and 1.618 ($0.334) are critical areas of support.
If the price breaks below $0.334, it may continue toward $0.28 or $0.12 (2.618 Fibonacci).
Triangle Pattern:
A triangle pattern is forming in the lower range, suggesting price consolidation.
A breakout above the triangle could lead to a reversal toward $0.47 (Channel Resistance) or higher.
A breakdown below the triangle may trigger further downside, confirming the continuation of the bearish trend.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
196
0