October 21, 2023 - BINANCE:FETUSDT (Fetch.ai) 1-Day Timeframe Analysis
Insight : -70% retracement from February 2023 rally. 6 months of consolidation. Potential +140% spot gain from this level
At the time of writing, Bitcoin is trading in the range of 27,400 to 27,600. This level suggests a period of consolidation and potential market indecision. However, it is important to note that a bullish order block has been identified at the 17,000 level. This indicates a strong support zone, which could provide a foundation for upward price movement in the...
My analysis suggests that Shiba Inu may experience a downward trend soon. To explain this, I'll first discuss the concepts of premium and discount in trading. An asset is at a premium when its price is trading above its fair value and at a discount when it's below its fair value. Traders take short positions at the top of equilibrium and long positions at the...
