๐ Cycle Overview:
HWC (High Timeframe Cycle): Bearish ๐ฝ
MWC (Mid Timeframe Cycle): Ranging ๐
LWC (Low Timeframe Cycle): Ranging ๐
๐ Pattern & Structure:
Price is currently moving inside an expanding triangle pattern, and within that, we've formed a well-respected 4H trendline that could act as an early entry signal before testing the pattern's top boundary.
This structure combined with the cycle analysis suggests that downward momentum has weakened, and weโre entering a consolidation phase.
This could be the beginning of a shift from a bearish LWC to a bullish one โ and eventually a change in the higher cycles too.
Thatโs why Iโm bullish-biased here.
๐ง Entry Strategy:
๐น A break above the 4H trendline offers early entry potential
๐น For short positions, we can look for a break below 2.880, but personally โ as with previous analyses โ Iโm not interested in shorts under current market conditions
๐น Iโll wait for more touches to the trendline to strengthen the breakout setup
โ ๏ธ Expanding triangles are known for volatility, so expect possible fakeouts and wild moves
โ Summary:
Expanding triangle in play
Weakening bearish momentum across cycles
4H trendline can offer an early long setup
Shorts only valid (for me) under 2.880
Volatility expected โ stay alert and manage risk
๐ Got a coin you want me to check? Drop it in the comments.
โ ๏ธ Without proper risk management, you're just a ticking time bomb.
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.