Nothing to say, I let the chart speak for itself. 200 dotes later........
I really hope you can see this but I believe there is another push up to get that median line plus to finish the impulse wave up. Looks good, highly volatile. I leave the macro view below.
Can this start something on this low timeframe? Let's see how the price evolves next...
We have something to clear down there then who knows...maybe we get a run
As we still exhaling from the last move I believe there is still room to go up and re-test the previously broken structure.
Pretty much the same. Taking into consideration that we are currently in a bear market this move remains internal at a macro level. I believe that If we are not going to challenge the current vertical resistance and come back to re-test it I'm not seeing any signs of a potential trend change.
The case presented it's on the premises that we are going to continue the downtrend. On the other hand, if the price can go and challenge the pink trendline, I will reconsider all of this. Until I prove otherwise, I believe this is the most likely thing to happen.
GMT in a "correction" in a downtrend, the case presented its ideal, we might have some supply zones higher which the market is gonna hunt for.
We are currently sitting into a demand zone on a daily chart. I believe this is a very important zone from a structure point of view. IF we go lower everyone it's gonna scream bear market, capitulation etc... How does the retail feel after seeing/participating in the pump after the FED meeting to then fall into the desperation or simply back into the smart money...
We have a small demand zone unfilled around 1.41 - 1.43. I'm expecting a reaction there and to challenge some of the geometry. Mixed signals, the trend it's clearly down.
The daily support will be the last level where we can see a bounce, if not that's going straight to the next one.
Normally you wouldn't think to buy here. Is that a good or a bad decision? Well...we don't know What we know it's that we have volatility and this might be worth watching.
I think that's the most volatile coin that we have today and the volatility it's to the upside. We might see a 0.06 before moving higher...
With the last reaction from the confluence zone and a small break on the lower degree we can definitely make a case that we might be finished here. I would like that 0.98 is pivot to be threaten then I'll feel more comfortable about this idea.
I like the fact that de demand zone works really well with the geometry and after the next swing low I'm expecting to change the structure and create a strong swing low there.
This monstrous 34R setup on the premises that we are going to tap the demand zone one more time before breaking the structure for new highs.
Beautiful downtrend here, the market is doing its thing. If we get a swing low then we might come back to re-visit some of the new supply zones left behind. @IssHaf
If this is a Swing High then we might see a pullback into the demand zone. Remember: it's never hard to get in, it's hard to get out!