As the new analystic signs, we estimate the actuel price movement is just a corection and after seeing again about 109 usdt, the final phase of bearish movement will be finished. For that we don't have enough information if you want, buy order with about 5% TP and then a sell order with about 10% or more is reasonable. BINANCE:KSMUSDT
As the previous movements show an upward trend, a correction is essential. but it's pretty hard to say the bulls are tired or the direction is changing. So in my opinion as I marked on the chart, a sell order at this current price and another buy order on the marked (long) point is probably achievable and profitable. BINANCE:KSMUSDT
It's hard to tell that the last bullish move is turning into a bearish move. but in the meantime a correction can be expected in twenty four hours. depending on the conditions a sell position is probably profitable.
In respect of a basic rule, as each motive pattern needs a corrective pattern, so it seems the corrective mode is not finished yet and maybe short position at this level, return the price in the realistic zone.
It seems there is a new trend line that will support the price to go up. So in this scenario, the first TP zone will be around 0.335 and then a nice correction wave will complete the bullish wave for 2nd TP zone.
After a bullish movement there will undoubtedly be a correction.
According to another idea published on November 16, now that the target has been reached, the next form will be a Cypher pattern but this time of a bullish type.
Aherefore the safe entry point for long position will be around 1.92 USDT with a look of a few hours or even a few days.
The current shape is a triangle which has been respected for a few hours.
according to this form, still a small decrease in the price is conceivable and subsequently an increase of about 5% or even more is conceivable. According to this analysis, best point to enter for a long position, will be around 0.02537 or even less with an SL of one...
According to several indications, it appears that there is a price drop of about 7% right now. after the candles touch near 4.4 USDT or even lower, there will be a minimum bullish movement of 6% or more.
The Gartley shape and also the current channel show the probable destination which is well below 4.4 USDT.
So the short position for now and...
After rising for two days, a fall was more or less necessary to move up further and break through the strong resistance towards 2.18 USDT.
But is it going towards which path? bullish or bearish?
to answer this question it seems to us that it is better to look at the several possibilities.
1. There is a shark pattern between Nov 11 at 2 a.m. until 4 a.m. on Nov 18....
a Gartley pattern is completing the form and just we need the last point before a big price drop. so if we always want to take advantage of market opportunities, we can take a buy position with a minimum TP of 8%.
Just to make sure that we have found the right time to enter, it is advisable to wait again for the price to come above the MA 100. otherwise it is...
Line R1 is a resistance that has been tested several times in the last three months but has never been broken. This indicates a very strong resistance in this range.
The S1 line, on the other hand, is a very important trendline that has never broken in the last 8 months. Hence, this line can be considered as a very strong support.
To reach the R2 range, the S1...
Because the price is currently in the middle of the range between resistance and support; So it is better not to make any deal but since the last few days; A parallel channel; It has shown strong lines as support and resistance. So the support line is expected to be tested again, in which case it expects a price increase in the medium term. At present, multiple...