AMD's chart setup has been looking interesting lately. The key point is that the gap doesn't necessarily need filling as long as price holds that strong resistance confluence around the 0.886 log Fibonacci level combined with the bull market support band—this is where things get real. We've just wrapped up the week with a solid bullish engulfing candle, which broke through some previous resistance. When you see this kind of price action at confluence zones, it's worth paying attention to.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
MetaMaximalistvip
· 3h ago
ngl the 0.886 confluence thing is where most retail gets it wrong... they're too busy watching daily candles instead of understanding actual support architecture. bullish engulfing at confluence zones hits different when you've actually studied liquidity pools and adoption curves, not just price action theater tbh
Reply0
0xLostKeyvip
· 3h ago
0.886 Fibonacci hasn't been broken yet, so there's still hope. This week's engulfing pattern definitely shows something.
View OriginalReply0
TokenToastervip
· 3h ago
AMD's performance this week is indeed noteworthy; keep a close eye on the confluence zone.
View OriginalReply0
EntryPositionAnalystvip
· 3h ago
0.886 Fibonacci meets the bull market support band, this convergence point is really quite interesting.
View OriginalReply0
fomo_fightervip
· 3h ago
0.886 that level really held, and this week's engulfing line definitely shows some significance.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)