In the 4-hour chart we observe that the price wants to go higher but it needs to be pushed, it mean need big wallets or large purchase orders. The general picture is that he is struggling with 0.00003 and there it will be seen whether he will see 0.00004 or 0.000025 in the long run. we have 3 good supports to confirm this to us. For now we expect to see what the price wants to go.
Also figure of 4H gives us the second confirmation. A triangle has formed here that is about to break down. If this happens and it is not another trap then we will most likely see around 0.000025 and then see higher prices again.
i.e. fall and then go up, like a trampoline.
Also figure of 4H gives us the second confirmation. A triangle has formed here that is about to break down. If this happens and it is not another trap then we will most likely see around 0.000025 and then see higher prices again.
i.e. fall and then go up, like a trampoline.
Trade closed: target reached
So far so Good!!!Our analysis has a very good application so far!!
If the price closes at 26 then we will definitely see 29 otherwise 23 and below
Trade closed: target reached
Everything went as planned!!!I hope you had good profits!
next technical analysis in a few hours
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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.