This analysis is purely about adjusting the level, plus a minor comment, the price is still holding on to the main level and could create a double top, the main one makes sense to me because there is a npoc on the support around the price of 2700, at which the price could choose a stop below we are currently in a poc, so then the view of thinking like this is...
According to the original analysis, I just adjusted a few levels, otherwise the comment still remains valid, I'm still waiting for a short set up.
This is just a level adjustment, the comment remains the same, I have a few scenarios, let's see which one will be valid.
This analysis just complements my last analysis of this market. The market seems to have really completed wave d and whether confirmation of a short position is possible at this time.
The whole scenario is going exactly according to plan, we reached the level of 152 where the price has support as another insight I have to take into account the fact that we are only at the first significant fibo level and the npoc is only at the level of 0.618 so for now I still see a lot of space here and not quite right set up confirmation.
I had to modify this analysis a little because I interpreted the closing triangle here which was wrong, plus I added some levels here and overall I think the market will go a little lower around the price of 0.62700, we could finally create an SFP from this zone, we could move somewhere for the price, easily around the level of 0.67, which is also the point where...
There is a lot of liquidity left in this market, so the correction was much larger than could be expected, but I still think that if the market maintains the level of support, which is located at the price level of 1.80700-1.80500, then a short set up is possible, there are many levels below us where it is possible that we should see for now but still waiting.
In this market I added levels and in general I partly reworked the entire analysis so far it looks like looking for SFP if the market finds it then it is likely that it will rebound and it will depend on how the market maintains the support if the price breaks through it then there is a long set option up if he keeps it then a short set up is quite possible.
In this analysis, I think there are two possible scenarios and that is a long set up if we stay above the price range around 1.06100-1.06400, but if we do not break through this price range, then I would rather focus on some short set up, we will see the situation is not very visible at the moment.
I see it with ethereum, so at the moment we still have bullish scenarios, but the moment I break through the support at the level of 3500-3400, a deeper correction may occur here, at least to the price of 3000, we are currently waiting for the formation to be completed.
A head and shoulder formation may be visible on silver and it will be confirmed if the price does not get above 33, if it breaks through, then one could consider a long position, but if we maintain this level, a correction may come here up to the price of 29.
In this market we see an ongoing correction which appears to be a triangle, if this were the case then the price would complete 164 and go down if this formation was evaluated as a double bottom or more accurately it would be a running triple bottom and after breaking through the BOS at the 166.5 level we would be here they had a long set up.
According to the previous analysis, a lot has changed, although we can still consider the top as a double top, but the whole formation seems to be more of a head and shoulders. I am currently following two long scenarios, in case the price breaks through or holds 1.960000, if it falls below 1.928963, then I would start thinking about a short position with a target...
On this graph, a correction structure has formed beautifully for us, which has reached the price zone of 200, where we have monthly levels and support, we currently have two scenarios here, the first is the bullish one and that is that we will get above the price of 193.900 and we will go to retest the level around prices of 200 or we will not break or hold this...
According to the previous scenario, I adjusted the levels a little and now it gives me a big short position scenario somewhere at the price of 93k, if we do not maintain this level, a move to the price of 87k is possible.
On this market, the SFP point has formed beautifully and we can now think about the direction as an actuation, these 3 scenarios come to mind, but for now this chart is in the decision-making phase, the closest long tp is 1.110000 where is the first main target.
If we can maintain the main monthly level, which is also support for the price of 71.66-72.44, then it is likely that the market will come for levels around 65, but if the market were to break through this level, then there is a possible scenario that the price could go higher and I would take the first tp somewhere around 75, but there are other big levels above...
We have two scenarios for now, the first one is that if we want to get to the new ath, we need to keep the level around 6060, if that doesn't happen and we break below this level, it is possible that there will be a deeper correction, the first level is 6000, the deepest so far is 5880.