Following an important distribution of TON, I have noticed how in the last period it is in a sideways phase, which could herald a Wyckoff accumulation.
Below I have made the relevant changes and included tickers so that you too can view them.
As always, you can copy and follow my setup.
Be careful out there.
Happy trading.
It is always very difficult to understand the dynamics with fragmented volumes, where peaks almost always coincide with an abrupt move.
This is Ethereum on 4H, a position I am following, although I prefer larger timeframes.
I am not currently trading, but rather holding pending better times.
Remember to be careful, these are delicate and dangerous times,...
Shitty market gives shitty options.
Could be a Sweep, a fake Sweep, a similar triple top, an overextended weekly move which needs to cool down a bit.
Funding rates are slowing down/neutral.
Open Interest pretty neutral.
A word from Trump/Powell can save or kill the whole story.
We know very well that Trump, at the moment, is able to move markets overnight. We also know well that such a market is difficult to navigate.
Nevertheless, we do have chart indications, as in this case:
- volatility, money inflow and others are in the middle.
- on the weekly, Total3 has bounced from the underlying structure, which may signify strength.
- the...
The asset bounced within the Demand zone on the Weekly, creating room for a possible rally up to the $20-25 area.
Volatility is still open but with steadily decreasing bearish pressure.
A Daily FVG overlaps with the Weekly FVG so as to create possible room for maneuver.
The widely used RSI has broken the barrier of a bearish trendline that has lasted since...
