salar_trader

salar_trader

h4/sup/toward res/ see the phenomenon. ok? whats ur idea?

salar_trader

Lets check the 0.4 basis of Dogecoin and estimate the upward possible movement of price with demand accumulation .

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.

salar_trader

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

salar_trader

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

salar_trader

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.

salar_trader

Down trend is expected with high and stable interest rate.

salar_trader

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

salar_trader

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

salar_trader

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.

salar_trader

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

salar_trader

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

salar_trader

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

salar_trader Updated 

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

salar_trader

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

salar_trader

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

salar_trader

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

salar_trader

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