Dec. 4 at 7:40 PM
$AIBT is showing early signs of strength after a long period of consolidation. The chart is tightening up beautifully within a descending wedge; a classic bullish reversal pattern that often precedes explosive upside moves.
📊 Technical Breakdown
▫️ Support Zone:
$0.0018–
$0.0020: solid base with strong accumulation showing near the wedge bottom
▫️ Pivot Level:
$0.0021: the key level to hold for continued upward momentum
▫️ Resistance Levels:
$0.0028 →
$0.0034 →
$0.0041: successive targets as volume builds
▫️ Breakout Zone: A confirmed breakout above
$0.0025–
$0.0028 would signal a reversal and open up a path toward the mid-
$0.003S and higher
The stock recently bounced off support and is testing the upper wedge trendline, showing growing volume interest at the lows.
Maintaining strength above the
$0.0021 pivot could ignite a trend reversal. Watch for a clean breakout above
$0.0028 to confirm momentum. It could be lights out for resistance. 🔥
Disclaimer: https://tinyurl.com/mvewwhxv