Hello Traders!
It appears that the downward trend in cryptocurrencies is beginning to falter as buying interest emerges from the most recent low. A few coins, such as
SOLUSD , have broken well above the short-term D1 EMA and are showing a Volatility Contraction Pattern.
On H4 timeframe, we see a familiar accumulation pattern as the price action forms a signal candle with sufficient volume.
Then place a Buy stop and wait for the market's response
It appears that the downward trend in cryptocurrencies is beginning to falter as buying interest emerges from the most recent low. A few coins, such as
SOLUSD , have broken well above the short-term D1 EMA and are showing a Volatility Contraction Pattern.On H4 timeframe, we see a familiar accumulation pattern as the price action forms a signal candle with sufficient volume.
Then place a Buy stop and wait for the market's response
Trade active
Let's see
Trade closed: stop reached
a small profit
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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.
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.