Good morning, traders! 😎 Today, I present to you the second of the 4 analyses I’ve prepared on the crypto world! 📊 Remember: these analyses should be viewed with a medium-to-long-term perspective, as they are based on weekly and daily timeframes. ⏳
In this analysis, I’ve included 2 scenarios with opposite directions. My advice? Wait, compare, evaluate… and only then enter! 🧠💡
We are in an uptrend, my friends! 📈 Don’t forget it. Before we can speak of a downtrend, much more is required! For now, any downward movement should be considered solely as a temporary retracement. 🛑
Price Analysis 💹 Currently, the price is at $606. It reacted to the downside at the first bearish liquidity area (between $615 and $650). A close below this zone could trigger a further downward movement. ⚠️
But be careful! 📢 Always wait for confirmation. Right after this, we have an important bullish liquidity area between $590 and $610, where buyers could interrupt the decline. 🚀 Therefore, a close: - Below both liquidity areas: the first bearish confirmation. ⬇️ - Above both liquidity areas: confirmation of the ongoing uptrend. ⬆️
Useful Tips 💡 ✔️ Read and follow this guide carefully. ✔️ Save the article so you can consult it in the coming days. ✔️ Remember: this is a medium-to-long-term analysis, so it will take time to develop. For this reason, it has greater value. 🌟
The targets have already been indicated in the analysis: review the text and analyze the chart for details! 📈🖥️
If you enjoyed my article, information, and analysis, I kindly invite you to leave a comment or show your approval. 🙏 I’d love to hear your thoughts!
Have a great day and happy trading, my friends! 🤑✨ Your PipGuard 🤝
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📌 No wasted time!
🎁 Enjoy 1 FREE week to try everything.
✅ Sign up and manage your profile in just 3 clicks.
📊 Detailed analysis, real-time alerts and risk management
👉 Don't wait, the choice is your t.me/infosniperprofit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.