possibility of uptrendConsidering the price behavior in the current resistance level, possible scenarios have been identified. If the price consolidates above the resistance level, the upward trend will continue.
Neo Wave
BTC Update (12H)This analysis is an update of the analysis you see in the "Related publications" section
As you know, the market is trendless and stuck in dumps and pumps, which has made traders frustrated. At this time, we need to follow the indicators and be a bit patient.
Based on the previous analysis, it seems that Bitcoin dominance is heading downward.
Despite Bitcoin’s weak upward movement, some altcoins may have a good upward move in the coming days.
We hope this move happens and this indicator drops. Let's see what happens.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
correctionIt is expected that the corrective trend will continue to form until the specified support level, then there is a possibility of a trend change.
If the price crosses the 78.6% level, the continuation of the downward trend will be likely.
MKR ANALYSIS (2D)Before anything, pay attention to the timeframe. This is a 2-day timeframe, so it will take time.
From the point where we placed the red arrow on the chart, it seems that MKR's correction has begun.
It now appears to be in wave C. Buy/long positions can be considered in the green zone.
The target could be the red box.
A daily candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
chenge the trendIt is expected that the trend will change within the current resistance range and we will see the start of the downward trend.
If the price crosses the resistance range, the continuation of the upward trend will be likely.
downward terndIt is expected that the upward trend will form until the specified resistance level. Then there is a possibility of a trend change and the beginning of a downward trend.
possibility of uptrendIt is expected that the price will fluctuate within the current support range and then we will see the start of the upward trend. If the price crosses the support range, the continuation of the correction trend to the specified support levels will be possible.
ALT looks bearish for mid-term (1D)ALT appears to be in a large-degree bearish wave C. If it reaches the red zone, we can look for a sell/short position targeting lower levels.
The minimum time required for wave C to complete is marked by the vertical line on the chart. Keep in mind that this is the minimum duration—if the wave extends, it may take longer.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
correctionThe upward and fluctuating trend is expected to continue until the specified resistance levels, then a trend change will occur and we will witness the beginning of the downward trend.
The downward trend is expected to continue until the red support area.
correctionGiven the price behavior in the current resistance area, possible scenarios have been identified. It is expected that we will witness the continuation of the corrective trend until the specified support levels.
check the trendIt is expected that the upward and fluctuating trend will form until the specified resistance area, then there will be a possibility of a trend change. Then the beginning of a downward trend can be a likely scenario.
check the trendIt is expected that the corrective trend will form until the specified support area and we will witness the beginning of the upward trend. If the price crosses the resistance area, the continuation of the upward trend to the resistance trend line will be possible.
possibility of uptrendIt is expected that the correction will continue and then we will see the start of the upward trend.
If the price crosses the 100% level, the continuation of the downward trend will be likely.
MORPHO Analysis (2H)From the point where we placed the red arrow on the chart, MORPHO appears to be forming a complex corrective pattern similar to a diametric.
Wave E could complete within the red box, leading the price into wave F.
A daily candle closing above the invalidation level will invalidate this outlook.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
possibility of correctionGiven the index's behavior within the current resistance range, it is expected that the downtrend will continue.
check the trendGiven the price behavior in the current resistance range, possible scenarios have been identified.
It is expected that a trend change will form in the current resistance range and we will witness the beginning of a downward trend. If the slope of the downward trend is sharp, it can be a confirmation of the continuation of the downward trend.
downtrendIt is expected that after some fluctuation and correction, the downward trend will continue.
If the price breaks through the resistance range, the upward trend will likely continue.
uptrendThe upward trend is expected to continue to the specified resistance levels. Then, the possibility of a trend change will be within the specified ranges.
possibility of uptrendIf the price can consolidate above the support range, the start of the uptrend is likely.
Otherwise, the continuation of the downtrend is likely with the support range broken.
uptrendIt is expected that the trend will change in the current support range and we will see the start of the uptrend. Otherwise, the continuation of the downtrend is likely with the support range broken.
possibility of correctionIf the price can change the trend at the 78.6% level, the start of the uptrend is likely.
Otherwise, the continuation of the downtrend is likely.
check the trendIt is expected that the triangle range will be broken upwards and we will witness the beginning of the upward trend.check
possibility of uptrendIt is expected that the correction will continue until the specified support levels are formed and then a trend change will be formed within the timeframe and we will witness the beginning of the upward trend.
