A Falling Wedge pattern can be seen in the weekly time frame.As we know,this pattern is an ascending pattern and in final confirmation , the price will increase at least to the the value displayed on the chart.Given the state of Ichimoku cloud ,the best time for this price increase is April 2022.
gaeeedimoon ba e tahlil haye tokhmit 1 sale tahlilet hamine.
payamsalamir
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@mehdishahraki1995, In financial markets, patience is the most important factor. In the market cycle, when people are frustrated, it is time for prices to rise.
I agree with you, but how do you think the signing of Biden's executive order on crypto will affect the market?
payamsalamir
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@studiopardaz, Usually, any law that makes digital currencies more formal will help the market grow. You see, even the passage of the Digital Currencies Tax Act in the United States last year, contrary to expectations, pushed up prices.
payamsalamir
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@studiopardaz, US President Joe Biden is set to sign the much-anticipated executive order on digital currency regulations this week. The directive directs federal agencies to consider possible regulatory changes as well as the effects of digital assets on national and economic security. The executive order helps coordinate the role of agencies such as the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in digital currencies.
mohsenazizi51
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hopeful
payamsalamir
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@studiopardaz, This falling wedge pattern usually acts as an uptrend in technical analysis. Although we may still see a fall due to the Ukraine war and the possible collapse of bitcoin, a significant increase in financial markets and digital currencies will occur in the event of a ceasefire. And in this case, achieving the goal of this model is very likely.