Here’s a breakdown of the chart details you provided for RESOLVUSDT (6h timeframe) along with an analysis:
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📊 RESOLVUSDT - 6H Chart Analysis
🔹 Current Price:
0.24436 USDT
₹21.04 (Down by 9.33%)
🔹 24h Range:
High: 0.29966
Low: 0.24180
🔹 Volume:
24h RESOLV Volume: 1.32B
24h USDT Volume: 357.01M
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🧠 Chart Pattern Insight:
The chart displays a Double Bottom WXY pattern, which typically signals a potential bullish reversal.
W Point: First major dip
X Point: Temporary recovery
Y Point: Second dip forming a support zone around 0.23767
Blue arrow indicates potential upside movement if support holds.
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🔴 Key Support Zones:
1. 0.23767 (Strong support)
2. 0.24432 (Current level)
3. 0.24796 (Short-term resistance)
🟢 Target Resistance:
If the bullish reversal follows through, the next major resistance lies around:
0.25945
0.31000
0.35000+
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📈 Sentiment (Order Book):
Buyers (Green): 70.27%
Sellers (Red): 29.73%
🟢 Strong buying interest could lead to upward breakout.
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⚠️ Note:
This setup is speculative and hinges on maintaining the key support zone. Always confirm with volume spikes and market news.
Would you like a step-by-step guide on how to analyze similar patterns or create this setup on TradingView? $BTC #RESOLV