2025-12-31 00:28:15

$PSIX is setting up an interesting scenario on the weekly chart. The price action is converging around a potential double bottom pattern, specifically where the 0.886 log Fibonacci retracement aligns with the Ichimoku cloud zone. This confluence is worth watching closely.

The real question is what happens next. Will the price respect the cloud as support and ride it higher, or will it fail to hold and flip it into resistance? That decision could shape the near-term direction significantly. If the cloud flips to resistance, we'd likely see more ranging behavior develop before any decisive breakout emerges.

Keep an eye on how price interacts with this level—it's a pivotal moment for $PSIX.

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Web3Educator

· 8h ago

ngl the ichimoku cloud flip is literally the inflection point here... as i always tell my students, confluence zones don't lie. either psix respects support or we're ranging for weeks.

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TokenomicsDetective

· 8h ago

Double bottom + Ichimoku Cloud is really a classic combination. The key is whether the cloud can hold... If it doesn't hold, then it's just waiting to watch the show.

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MetaEggplant

· 8h ago

psix, with this double bottom + Ichimoku cloud combination, I need to see if I can hold it... If it turns into resistance, then it will just consolidate again.

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MemeCurator

· 8h ago

Double bottom + cloud layer resonance? If this thing breaks the level, I'll just liquidate my position directly.

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BlockchainFries

· 8h ago

Double bottom + Fibonacci + Ichimoku... With this combination, you really have to wait for the cloud to make a decision, otherwise it's just repeated tinkering.

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