https://www.tradingview.com/x/pBcpRtiU/
K3 break up and close upon K2 under low supply pressure,
It seems that the following candles will price up to test the resistance.
I don’t think this is the start of another bull run,
It is just a Wave(B) of a larger scale consolidation process.
But during this process,
Some other crypto tokens will do better.
K3 break up and close upon K2 under low supply pressure,
It seems that the following candles will price up to test the resistance.
I don’t think this is the start of another bull run,
It is just a Wave(B) of a larger scale consolidation process.
But during this process,
Some other crypto tokens will do better.
Nota
K2 closed upon K1 and verified the short-term uptrend.
The supply pressure slightly increased.
It is likely that K3 will keep pricing up to test the resistance or close upon the line.
So, it is still valuable to keep at least half of the long positions in the bullish market.
Nota
K1 is a first test to the resistance,
The increased volume means the supply pressure is still at high level.
If K3 close upon the resistance,
It will be a good place to buy it after the following candles retest the resistance under low volume.
If K3 failed to close upon the resistance and interrupted by higher supply pressure or sharply decreasing demands,
The following candles will likely fall back to test 62K,
It is also a good place to buy it there.
But before that,
K3 will very likely climbing up to test the resistance first.
Nota
K3 tested the resistance for a second time,
The demands increased, but still failed to close upon the line.
A good news is that the supply pressure is also decreasing.
It is a signal that the long-term market is still bullish.
If K4 close upon the resistance,
It is a good place to buy back.
If K4 successfully retest the lower price of K1,
It is still a good place to buy back.
On the other hand,
If K4 close below K2,
It will be very likely that the following candles will drop to test 60-55K area.
Nota
After K1 tested the left top for a first time under increased volume,
K3 tested it for a second time.
K4 verified that the bear force won the game here.
So, a potential large scale consolidation or a bearish double top pattern is marching.
The problem for the bull force is lacking enough demands.
It is likely that K5 will keep dropping to test the strength of the neck line.
If K5 close below the neck line,
The risk will sharply increase.
Dagangan ditutup: hentian tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.