Dogecoin / TetherUS
Panjang

Effort VS result in the recent drop

477
Took DOGEUSDT as an exapmple but can be applied to other crypto tickers like BTCUSD


Look at the average volume in the past 8hrs and look at the outlier. A lot of sell volume effort has been made and the result is a long wicked candle.

Meaning the buy pressure is still here, many had limit orders waiting.
Meaning the effort is inconsistent with the result
Meaning the downward continuation should not be possible.

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.