The volume surges observed significantly impact the asset's behavior, with each spike occurring at key support levels, often resulting in a bullish reversal hammer candlestick pattern on larger timeframes or contributing to upward momentum. Conversely, periods of bearish trends are characterized by lower volume, suggesting an accumulation phase. Breaking above the .00003044 mark could potentially position us in and above the all-time high (ATH) range, indicating that the current retracements are a healthy part of the asset's price action. With the halving event approaching, there is a strong belief in the asset's potential to achieve at least a 400% increase in the short term, in my opinion.
For continued upward movement, it's crucial for the price to align with my predefined horizontal levels, sustain volume, and avoid being rejected. This scenario would indicate that aggressive buyers are effectively absorbing the available limit orders and liquidity. With sufficient testing of these levels, we anticipate breaking into higher price ranges and beyond.
We should see is trade in a new higher range sometimes before the 27th, if not we can still accumulate at these levels a little longer.
Good Luck!
For continued upward movement, it's crucial for the price to align with my predefined horizontal levels, sustain volume, and avoid being rejected. This scenario would indicate that aggressive buyers are effectively absorbing the available limit orders and liquidity. With sufficient testing of these levels, we anticipate breaking into higher price ranges and beyond.
We should see is trade in a new higher range sometimes before the 27th, if not we can still accumulate at these levels a little longer.
Good Luck!