🔷 Pattern: Range Compression Between Two Key Zones POWR has been consolidating for an extended period, squeezed between a resistance zone above (~$0.069–$0.071) and a strong demand/support zone below (~$0.058–$0.062). Price is currently sitting mid-range, with neither bulls nor bears in full control. 📍 Key Levels:
🔷 Pattern: Failed Resistance Reclaim — Sharp Rejection After recovering from the $0.33 lows, TWT rallied back toward the major resistance zone at $0.450–$0.470 — a level that had previously acted as support during the downtrend. Price failed to reclaim this zone and has been rejected hard today with a -7.73% red candle, signalling this zone remains strong supply. 📍 Key Levels:
📐 Pattern Symmetrical triangle forming on 4H — lower highs & higher lows converging at the apex. A big directional move is imminent. Direction is everything here.
📐 Pattern Ascending triangle — price compressing between rising trendline support and flat horizontal resistance at $0.0192–$0.0195. Today's candle is attempting a breakout above this zone.
🔑 Key Levels 🔴 Resistance: $0.300 – $0.310 ← price here now 🟢 Support: $0.240 – $0.245
📈 Setup Price broke out of a multi-week range and is testing upper resistance. RSI spiked to 72.49 — entering overbought zone. Watch for reaction here.