The TRUMP/USDT H1 chart screams indecision after a wild ride. It’s like the market had too much caffeine, rallied to $80, and is now trying to sober up near $42. Price action has shifted from explosive trends to tight consolidation, with the moving average acting as a tug-of-war line.
Key Observations:
Higher Highs (HH): The euphoric rally peaked at $80 (January 20th).
Higher Lows (HL): The market's last meaningful HL was at $40 (January 21st), showing some buyer resilience.
New Low (NL): The panic sell to $35 marked the start of the current consolidation.
Support: Buyers are holding the $40 level firmly.
Resistance: Sellers are lurking around $45, capping bullish attempts.
🐂 Bullish Scenario:
Consolidation near $42 is forming a potential bull flag, signaling continuation.
The moving average is flattening, but the bulls are defending HLs, which hints at accumulation.
🐻 Bearish Scenario:
The double top near $80 and subsequent sell-off suggest sellers are still in control.
Consolidation could also be a bearish rectangle, leading to a breakdown below $40.
If $40 breaks, the measured move could send prices plummeting to $30.
Inside Bars: Small candles within the range of larger bars are forming near $42, signaling indecision. Watch for a breakout.
Exhaustion Gaps: The gap up to $80 shows classic buyer exhaustion, leading to the current consolidation.
Higher Highs and Lows: Bulls need a HH above $45 for confirmation, while bears aim for a LL below $40.
TRUMP/USDT is like a soap opera with unpredictable twists. Consolidation suggests a breakout is imminent. Trade the direction of the breakout, but keep stops tight—this market doesn’t like hesitation!
Key Observations:
Higher Highs (HH): The euphoric rally peaked at $80 (January 20th).
Higher Lows (HL): The market's last meaningful HL was at $40 (January 21st), showing some buyer resilience.
New Low (NL): The panic sell to $35 marked the start of the current consolidation.
Support: Buyers are holding the $40 level firmly.
Resistance: Sellers are lurking around $45, capping bullish attempts.
🐂 Bullish Scenario:
Consolidation near $42 is forming a potential bull flag, signaling continuation.
The moving average is flattening, but the bulls are defending HLs, which hints at accumulation.
🐻 Bearish Scenario:
The double top near $80 and subsequent sell-off suggest sellers are still in control.
Consolidation could also be a bearish rectangle, leading to a breakdown below $40.
If $40 breaks, the measured move could send prices plummeting to $30.
Inside Bars: Small candles within the range of larger bars are forming near $42, signaling indecision. Watch for a breakout.
Exhaustion Gaps: The gap up to $80 shows classic buyer exhaustion, leading to the current consolidation.
Higher Highs and Lows: Bulls need a HH above $45 for confirmation, while bears aim for a LL below $40.
TRUMP/USDT is like a soap opera with unpredictable twists. Consolidation suggests a breakout is imminent. Trade the direction of the breakout, but keep stops tight—this market doesn’t like hesitation!
Trade closed: target reached
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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.
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.