As shown in the chart, the price is being rejected when it reaches the ceiling of the triangle pattern and the area of volume density. If the price can break this area, it can grow as much as the triangle pattern. Otherwise, expect the price to fall and hit the bottom of the triangle. And the price continues to fall
It seems that during a 5-wave movement, the price is reaching its resistance and is expected to fall as much as a correction.
As can be seen in the price chart, it has reached its dynamic and static resistance, and an upward break or a downward rejection can create a good position for this currency.
When the price reaches the resistance zone and completes the upward movement of its previous wave, we can expect a reversal pattern and a short position
Due to the weakening of the upward steps in the movement of this currency and the creation of a double ceiling, it is expected to fall to lower prices.
After the downward extension that we are witnessing in this currency, we expect a correction and if confirmed, the short position is appropriate
After the downward extension that we see in this currency, the price faced a correction and the recent candles show the price of this currency falling, so it is suitable for short position.
With the formation of a lower ceiling in the price and the breaking of the support zone in the daily time frame and pullback, I expect the price to fall further to the bottom of the daily zone.
With the announcement of the inflation rate of 1.3% per month, which was higher than the experts' expectations, Dominance Tether reached its target in the previous analysis (please see the previous replays) and is currently completing the BAT harmonic pattern in the 4-hour time frame, which is the condition 8% resistance break and the end of its movement can be up...
Due to the weakened upward trend in the chart, we see a reversal by reaching the resistance, which is expected to see a price drop until the bottom of the support area.
After reaching the resistance, the price of this currency is settling down and has formed a range zone. It is expected that when the price falls below the range zone, we will see a drop in the price and the formation of a hard twin pattern, and the price drop will continue to the lower areas.
The price has managed to cross its ceiling and the resistance zone in the four-hour time frame with a strong audio momentum, but considering the weakness that can be seen in the price after breaking the resistance, this movement seems to be a fake failure and I expect that with If the price comes below the resistance zone, price correction will occur in this currency
Considering the double top pattern formed in this width and the failure of its support and pullback in the lower time frame, if the price falls further, I expect to reach the daily support floor.
The price of this currency has reached its resistance zone with the shortening of the upward steps, and it is currently weak, and seeing the reversal candlestick pattern, it is suitable for a short position.
After the upward rally of this currency compared to the market as a whole, we are currently experiencing weakness in the upward trend and the double lag of the recent upward step and the increase in the length of the corrective step, and as can be seen in the chart of this currency with the Bitcoin pair, the price cannot reach the midline of the channel and the...
By comparing the upward steps, we see the weakness in the trend and the strengthening of the downward steps, which led to the creation of a lower ceiling and floor, and now it has also broken its upward channel. In the case of pullback to the broken area and creating a setup, it is suitable for the short position.
In my opinion, the growth of Bitcoin yesterday was a bull trap and soon it will see prices even below 17,000 dollars
With the continuation of the upward trend in this currency, the movement steps have become weaker and against the higher ceilings, and with the failure of the zone in the lower time frame, we can expect the price to fall.