salar_trader

salar_trader

Here we go Technically there is a price compression while the statement of FOMC was clear about interest rate and job market, UK OIL dropped to the sup area.

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What is your prediction around SOLUSDT? Will it be possible to observe upward price action or the game will change to the desperate situation?

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Here are presumptions: 1- Running flat 2-Zigzag 3-Zigzag 4-Running flat

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Based on wave analysis of this weekly chart, a correction is more likely outcome of market sentiment. Hence, we can assume these two corrective patterns in an ascending channel. On the other hand, the impulse wave could be named as wave A by itself, the corrections as B wave, and the new wave C which is not be shaped already.

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Down trend is expected with high and stable interest rate.

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Typically U.S reports are important factors which affect markets even crypto currencies. Therefore, maybe 40020 is the most important support level.

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In fact weekly trend is assumed as a triangle but price volatility depends on FED decisions.

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In h1 frame its obvious that bullish channel is incomplete. Results including low inflation rate will be compatible with bullish movement otherwise price may decrease in a corrective wave. You can also use mathematics for example probability of up and down prices which is also useful in options.

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The ytm rate is expected to exhibit bearish attitude so be careful about trades.

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Let us know your idea about these candles and channel. I have my own reason about my guess.

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Traders and technical analysts pay less attention to reasons of price action. Instead, they focus on multi time frame analysis.

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The correction is recognized and 4.26 $ level is the most probable support level that can be touched again.

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Youd better use big picture and evaluate cost of energy used in BTC minning process.

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Just analyze for yourself. Everyone who wants learning experiences trading journey eagerly.

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Guess what, daily time frame shows different view of Tron. Will bulls come back again?

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Daily view shows neutral and complicated movements of price. Also there is a tendency for flat pattern which is under construction probably.

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Be careful. U.S dollar index is in critical position. Maybe there is bearish market sentiment.

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On 4h time frame there is a neutral market direction which is very important in multi time frame analysis. Note: FMs are not guaranteed by analytic data.