⚡️ It's time to update the idea on Ultima, as interesting movements are beginning in the token!
Closing the GAP from below at $7694 - $6038. The price approached the first level of buyer demand, as well as strong support at $5737.
Even lower, there was a huge range of buyer interest, so any move beyond that level could potentially be bought back in the blink of an eye.
⚙️ Metrics and indicators:
Volume - continues to show divergence with price; as the price falls, sales volumes also continue to decline, signaling the exhaustion of sellers.
Liquidity Depth - there is almost three times more liquidity at the top than at the bottom. And as we know, the price moves from one level of liquidity to another, which serves as fuel for it.
Money Flow - despite the prolonged correction, there is a steady inflow of fresh capital. Although positions also continue to close. However, the indicator is still in the neutral zone, which indicates that there are no panic sales in the asset right now.
In addition, the indicator is now testing the inclined support, which is historically a bullish sign in a bull market.
📌 Conclusion:
Right now, ULTIMA may be nearing the end of its correction phase. When sellers have already depleted their stocks and no one else wants to sell at current prices.
So I advise you to buckle up and start watching the asset closely, because right now it is very light and when it goes up, it will literally fly with huge candles! 🔥
Closing the GAP from below at $7694 - $6038. The price approached the first level of buyer demand, as well as strong support at $5737.
Even lower, there was a huge range of buyer interest, so any move beyond that level could potentially be bought back in the blink of an eye.
⚙️ Metrics and indicators:
Volume - continues to show divergence with price; as the price falls, sales volumes also continue to decline, signaling the exhaustion of sellers.
Liquidity Depth - there is almost three times more liquidity at the top than at the bottom. And as we know, the price moves from one level of liquidity to another, which serves as fuel for it.
Money Flow - despite the prolonged correction, there is a steady inflow of fresh capital. Although positions also continue to close. However, the indicator is still in the neutral zone, which indicates that there are no panic sales in the asset right now.
In addition, the indicator is now testing the inclined support, which is historically a bullish sign in a bull market.
📌 Conclusion:
Right now, ULTIMA may be nearing the end of its correction phase. When sellers have already depleted their stocks and no one else wants to sell at current prices.
So I advise you to buckle up and start watching the asset closely, because right now it is very light and when it goes up, it will literally fly with huge candles! 🔥
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.