If the bottom is in, then the recent move up was wave 1 and wave 2 is underway, finding support so far at the golden pocket but failing to react with the strength we expect from wave 3, making me lean towards wave 2 still being alive with lower to go. The altCoin golden pocket 0.786 sits just below at the S1 pivot where confluence can be found and a high probability bottom in this local structure may be.
Failing this and its likely HBAR has new lows to come in the macro structure, with a target of the HIgh Volume Node and S2 pivot at $0.07
The downtrend channel is intact with a series of lower lows and lower highs
Daily RSI printed hidden bearish divergence
Bitcoin dominance is in control.
🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
