Neo Wave
Tether Dominance Update (8H)This analysis is an update of the analysis you see in the "Related publications" section
First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
According to the previous analysis, wave G has formed, and the price is now dropping.
For the next move, there is a possibility of a pullback toward the red box, followed by a deeper correction.
Overall, the price could drop further.
For risk management, please don't forget stop loss and capital management
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ETHEREUM 1D Update (1D)Note: This analysis is related to the one you see in the "Related Publications" section at the bottom of the page.
Let’s zoom in on Ethereum.
This update shows the structure of wave D from the previous analysis, which appears to be a triangle.
We are currently in wave e of this triangle, which is a diametric.
It seems that the larger wave E will complete soon.
It will either rise from the current area or test the green zone once more before moving upward.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
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RENDER UPDATE (1D)RENDER seems to be in a long-term diametric formation.
Wave D also appears to be a diametric.
It is in wave D of D. It could retrace upwards from the green zone.
A daily candle close 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
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RENDER VS BTC (1D)This chart represents RENDER to BTC, essentially showing RENDER's dominance over Bitcoin.
It seems we are nearing the end of wave G and have approached a very key support zone today.
In the coming days, as the price penetrates deeper into the support zone, if RENDER recovers and appears more bullish compared to the market, it shouldn't come as a surprise.
For trading the RENDER/USDT pair, make sure to wait for a trigger and confirmation.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You