The token is currently holding at the Kijun line (red) support level, creating an interesting ranging pattern. Price action is oscillating between two key log-scale Fibonacci levels: the 1.618 and 1.414 zones. This compression between these two Fib ratios suggests a potential setup worth monitoring for traders. The weekly timeframe consolidation at support indicates either accumulation or a potential breakout scenario. Watch how price responds at the Kijun—a clean bounce could signal renewed strength, while a breakdown would shift the bias lower.
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GasGuzzler
· 01-09 00:18
As long as Kijun holds, there's hope; once it breaks, it's time to run.
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BlockchainTherapist
· 01-08 16:09
Did the kijun hold? Once it breaks, things will get interesting...
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CascadingDipBuyer
· 01-06 10:11
As long as the Kijun holds, there's still hope in this wave. If the Fibonacci compression zone can't be broken, just wait and watch for a rebound.
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OneBlockAtATime
· 01-06 00:50
As long as the Kijun holds, keep watching; if it breaks, go straight to liquidity. It's that simple.
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BloodInStreets
· 01-06 00:49
It's Fibonacci again, and Kijun again. Basically, it's just betting that it won't break the level.
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FarmHopper
· 01-06 00:30
Look at this compressed consolidation, it feels like it's about to move, just worried about a false breakout tricking me into cutting losses.
AVGO Weekly Analysis
The token is currently holding at the Kijun line (red) support level, creating an interesting ranging pattern. Price action is oscillating between two key log-scale Fibonacci levels: the 1.618 and 1.414 zones. This compression between these two Fib ratios suggests a potential setup worth monitoring for traders. The weekly timeframe consolidation at support indicates either accumulation or a potential breakout scenario. Watch how price responds at the Kijun—a clean bounce could signal renewed strength, while a breakdown would shift the bias lower.