WHY I DON'T SEE ANY BIG CRYPTO CRASH
hello guys...
nowadays we read a lot of essays about the crypto crash, but what does the chart show us?!
I haven't seen any reasons for dump, and all signs illustrate maybe just a correction and the main trend still is bullish.
let's check it step by step,
the first reason is the last low touched the flip area that I pointed out on the chart.
the second reason is the last sharp leg experienced a 33% correction. and there is no debt to lower levels:
the second reason is the target of the head and shoulders pattern touched before:
The recent market movements reveal a noteworthy pattern: a head and shoulders formation suggesting a potential change in price direction. The target zone for this pattern is indicated by the blue area. Additionally, the cryptocurrency is following an upward channel. A key observation is the creation of a supply and demand zone along the upper channel line, hinting at a possible breakout. This move appears strategic, aiming to strengthen the market position.
_____________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
nowadays we read a lot of essays about the crypto crash, but what does the chart show us?!
I haven't seen any reasons for dump, and all signs illustrate maybe just a correction and the main trend still is bullish.
let's check it step by step,
the first reason is the last low touched the flip area that I pointed out on the chart.
the second reason is the last sharp leg experienced a 33% correction. and there is no debt to lower levels:
the second reason is the target of the head and shoulders pattern touched before:
The recent market movements reveal a noteworthy pattern: a head and shoulders formation suggesting a potential change in price direction. The target zone for this pattern is indicated by the blue area. Additionally, the cryptocurrency is following an upward channel. A key observation is the creation of a supply and demand zone along the upper channel line, hinting at a possible breakout. This move appears strategic, aiming to strengthen the market position.
_____________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Comment:
as we expected the breakout happened:
Trade closed: target reached:
yeah!
I was right!
I was right!
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________
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