Link analysis! ARE WE GOING TO SPACE SOON? OR IS THIS THE END?
Updated
Hi!
This is an addition to my previous idea, I did not understand how to add a graph to the last one or change it, so I share a private link to the updated analysis!
Now I will try to explain my position on the long and why I still keep it. Or if you are looking for an entry into the altcoin position (or you have entered the hay and do not know what to do, ahahah, there are no such here :)), then you should like it!
In principle, I have described everything on the graph, I will duplicate the text here if it is more convenient for someone.
In general, I expected that we would come to the level of 9.486 with an impulse movement, and then see a small correction, but we did not reach it, it's sad. But we still have a long trend both on the day and on the week.
The first example.
Here the seller clearly shows that he does not intend to go further in the role of the buyer.
We saw a long red bar after touching 9.48.
On the daily timeframe, it closed 3 bars, which is quite bad for the continuation of the growing trend and at the same time touched the support line (yellow line),
after that we bounced by 4.56% and went down the same long bar.
After that, we can say that the ascending structure is broken.
It was also the first touch of the 9.48 level, we will confirm this level with the second touch.
The second example.
The second test at 9.48 showed that this is a really strong level.
There is quite a long fall in small bars (the same was the growth).
This is not suitable in our case.
The third example.
It's already more interesting here.
Firstly, we touched 8.8, and then showed a rapid decline to the support level (yellow line).
At the same time, the uptrend is still relevant, after which the next day we ate this bar and almost touched 9.48, after which there was a rapid decline in two bars by 40%.
(at the same time, we broke through the support level, also the first decline was very strong, where the buyer left a good shadow)
An actual example.
What is happening now?
Firstly, we approached the level of 8.8 with small bars, and the decline was shown by a huge red candle (this is a minus).
Secondly, we blocked 4 green bars with this bar, which is bad.
Thirdly, we touched the support and are now showing a small rebound, waiting for the day to close.
What is needed to continue growth?
To continue the growth, I see the point to close above 8.16 or completely eat this bar. (That is, close the red bar with either two or one)
_________________________
That's it, guys, take care of your money!
Take risks wisely!
You will definitely succeed!
All lamb and a million dollars!
This is an addition to my previous idea, I did not understand how to add a graph to the last one or change it, so I share a private link to the updated analysis!
Now I will try to explain my position on the long and why I still keep it. Or if you are looking for an entry into the altcoin position (or you have entered the hay and do not know what to do, ahahah, there are no such here :)), then you should like it!
In principle, I have described everything on the graph, I will duplicate the text here if it is more convenient for someone.
In general, I expected that we would come to the level of 9.486 with an impulse movement, and then see a small correction, but we did not reach it, it's sad. But we still have a long trend both on the day and on the week.
The first example.
Here the seller clearly shows that he does not intend to go further in the role of the buyer.
We saw a long red bar after touching 9.48.
On the daily timeframe, it closed 3 bars, which is quite bad for the continuation of the growing trend and at the same time touched the support line (yellow line),
after that we bounced by 4.56% and went down the same long bar.
After that, we can say that the ascending structure is broken.
It was also the first touch of the 9.48 level, we will confirm this level with the second touch.
The second example.
The second test at 9.48 showed that this is a really strong level.
There is quite a long fall in small bars (the same was the growth).
This is not suitable in our case.
The third example.
It's already more interesting here.
Firstly, we touched 8.8, and then showed a rapid decline to the support level (yellow line).
At the same time, the uptrend is still relevant, after which the next day we ate this bar and almost touched 9.48, after which there was a rapid decline in two bars by 40%.
(at the same time, we broke through the support level, also the first decline was very strong, where the buyer left a good shadow)
An actual example.
What is happening now?
Firstly, we approached the level of 8.8 with small bars, and the decline was shown by a huge red candle (this is a minus).
Secondly, we blocked 4 green bars with this bar, which is bad.
Thirdly, we touched the support and are now showing a small rebound, waiting for the day to close.
What is needed to continue growth?
To continue the growth, I see the point to close above 8.16 or completely eat this bar. (That is, close the red bar with either two or one)
_________________________
That's it, guys, take care of your money!
Take risks wisely!
You will definitely succeed!
All lamb and a million dollars!
Note
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