Accumulation time
As you can see in the chart, the price is at its lowest level.
Most transactions took place in this area.
Also, the volume of transactions has increased compared to the past.
The price is still below the Ichimoku cloud chart.
This token does not respond very well to charts and technical analysis, but I believe this is the end of the downtrend.
Let me introduce you to some new and beautiful arcs:
1. Yellow Arc:
As you can see, the price reacts beautifully around this arc.
The momentum of price reduction slowed down and the slope of the line slowly became horizontal.
2. Orange Channel:
I know it may be an exaggeration, but the price was falling between these two lines.
Now the combination of these two diagrams is interesting:
The yellow arc cuts the orange channel upwards
And as I said, I think this is the end of the downside channel.
Closer view:
Check the chart in 1 hour mode:
The downtrend line is broken upwards.
Conclusion:
I think the general downtrend is over. But for a while the chart moves horizontally in the same range. Many transactions will made and accumulation takes place.
Then with a small flick, it goes out of this area and boom...
As a reminder, let's take a look at Shiba's horizontal movement before starting to increase:
Let's see ...
Most transactions took place in this area.
Also, the volume of transactions has increased compared to the past.
The price is still below the Ichimoku cloud chart.
This token does not respond very well to charts and technical analysis, but I believe this is the end of the downtrend.
Let me introduce you to some new and beautiful arcs:
1. Yellow Arc:
As you can see, the price reacts beautifully around this arc.
The momentum of price reduction slowed down and the slope of the line slowly became horizontal.
2. Orange Channel:
I know it may be an exaggeration, but the price was falling between these two lines.
Now the combination of these two diagrams is interesting:
The yellow arc cuts the orange channel upwards
And as I said, I think this is the end of the downside channel.
Closer view:
Check the chart in 1 hour mode:
The downtrend line is broken upwards.
Conclusion:
I think the general downtrend is over. But for a while the chart moves horizontally in the same range. Many transactions will made and accumulation takes place.
Then with a small flick, it goes out of this area and boom...
As a reminder, let's take a look at Shiba's horizontal movement before starting to increase:
Let's see ...
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