📊 Market Analysis: Almost There (Part One) 🚀
Trading requires focus on risk management 📉 and comprehensive market analysis 📈. Patience is key; the longer we wait, the clearer the market’s story becomes.
📝 Today’s Analysis Covers:
✅ Price Action (Naked Trade)
✅ Harmonic Patterns (Fibonacci Alignment)
✅ Elliott Wave Theory
🔍 Case Study: BAT Coin
Our focus is on BAT Coin, but similar patterns appear in Zcash, NEI, Polkadot, ZEC, FIL, Shiba,Tezos, EOS,Avax, Doge, IOTA, and BTC.
As highlighted in yesterday’s review 🗓️, when multiple charts show the same pattern, it signals something significant 🛑.
📌 Key Observations:
1. Price Action 📉
On the daily chart, the market revisits previous rally points, forming a support zone 🌀.
Bollinger Bands reveal price at the lower band, a potential support zone.
2. Momentum Indicators 📈
Price is at support, while RSI, CCI, and Stochastic are in the oversold zone ⚠️, hinting at a possible turning point 🔄.
The chart forms a small "h" pattern, potentially reversing into a capital "H" at resistance.
3. Candlestick Patterns 🕯️
Over the past 10 days, price movement is confined within a long bearish candlestick, indicating the need for a revisit to confirm the fair value gap or supply zone 🛑.
4. Today’s Prediction 🔮
Expect a small candle, A Hammer or an engulfing pattern, but the market will ultimately guide the outcome.
🌟 Final Thoughts:
The market remains in transition 🚦, with no clear direction yet. Trading demands patience, discipline, and professionalism. ✨ Stay focused, and let the market lead you toward success.
💡 Stay tuned for Part Two at noon 🌞, covering:
👉 Harmonic Pattern Analysis
👉 Elliott Wave Theory
📢 Follow for updates, share insights, and join us in this professional trading journey! 🚀
# Bat
# Zec
# Neo
# Doge
# Dash
# litecoin
# Iota
# Uniswap
