We see the structure of PO3 (Power of Three). Three similar formations in a row. Alternate stages of the price behavior: accumulation, manipulation, and distribution. Often, it is a narrow corridor (range) in which liquidity forms on both sides of the traded levels. The purpose of accumulation is to accumulate a large amount of liquidity. Manipulation means...
Some thesis: Oil is more than enough worldwide. Supply exceeds demand. Transition to electricity. Shale oil - another attempt to manipulate. Saudi Aramco - is the largest capitalization company in the world (another not a good signal for me). We can propose many fundamental arguments, but this is a virtual trading chart (little connect with the real life). It is...
KUCOIN GEM CALL 💎 I think you remember NWC, we made big x's in the last cycle Now NWC formed the bottom and that was indicated with the double bottom pattern, which signals a great buy opportunity. What's even better, is that the price crossed the EMA21, which in confluence with the double bottom pattern gives a great upside potential. It's a project with huge...
On-chain leverage trading using yield-bearing collateral. Trade and earn at the same time with up to 10x leverage Binance Support the RAMP (RAMP) Token Swap, Redenomination & Rebranding Plan to LeverFi (LEVER) Marketcap 33M Listed on Binance futures Best regards EXCAVO
I paid attention to the Bitcoin Network Hashrate. It seems that the fall has not even passed into the active phase. Industrial private miners are still hoping for price recovery and do not turn off their equipment. People bought many ASIC miners for tons of credit money. BTC Hashrate = -27% after the shutdown of miners in Texas. Best regards EXCAVO
The dominance of Bitcoin is growing. When Bitcoin is growing - altcoins are growing less or without rising. Bitcoin falls - alts fall even more. Paired with ETHBTC, we see a Wyckoff Distribution Schematic #2. We are currently in Phase D. The price is approaching a support zone. Most likely, there will be some descending trading near this zone. We will form LPST (a...
The strategy exists to follow it Best regards EXCAVO
The price on the daily timeframe is moving in a falling wedge. The lower timeframes show downward price compression and liquidity in the $29300-29200 zone. Important next levels and zones: $28850-28650, $28050-28000, $26700. There are many stop-losses of the different caliber of traders behind these levels. There is a high probability that we will harvest it all....
More theory A diagonal triangle is always subdivided into five waves. An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat. A leading diagonal always appears as wave 1 of an impulse or wave A of a zigzag. Waves 1, 2, 3, 4, and 5 of an ending diagonal, and waves 2 and 4 of a leading diagonal, always subdivide into...
Finally, we have the first green weekly candle in 10 weeks. It interrupted nine weeks of falling. Like last Monday, the day starts with a green impulse candle. Remember that such sharp movements correlate with the emotions of traders in the current phase of the market. For example, look at what's left of last week's momentum. Do not rush to jump into the market...
Logarithmic chart. Tested the bottom line of the channel. I am waiting for a rebound to the middle line of the downward local channel. Swing trade I think Near should be updated within a ATH of few years Best regards EXCAVO
Technically, we are repeating the same movement as in 2008. Breakout the trend line - test - and continuation of the fall. Fundamentally - the war in the center of Europe. The potential risks of aggravation of the situation and involvement of other countries. The probable default of many countries and sanctions that hit on both sides. Rising prices for oil and...
Since the last analysis, the situation has not changed so much. We touched the support line and still haven't broken the falling LL-LH structure. The nearest resistance is around 40500. They can take liquidity below the red zone and go up after that. Keep an eye out for more updates. Best regards, EXCAVO
WeWay (WWY) - WEB 3.0 platform for influencers, nft marketplace Plans: -Release of version 2.0 for the marketplace -Crypto university for new users - Creation of a Metaverse for user communication Currently traded on the Ethereum network, Binance Smart chain, Velas, Avalanche. there are plans to make it possible to trade the Solana and Polygon networks. I see...
Bitcoin is moving in an ascending channel that is the bear flag in a downtrend. Shortly, I expect a price correction to the support line and premium Fibonacci levels around 0,705. The average BTC purchase price of many large funds is around these levels. I think we will grow up to the 50-52K zone in May, and by the summer it will go for a correction to 30K. Best...