ONCE YOU SPOT THESE SIMPLE FORMATIONS (YOU'RE IN FOR A RIDE!)
There are many traders who have noticed these but couldn't explain what these formations really mean.
I'll help you learn it in easy manner.
Formations of these kind have a reasoning/logic behind them. The candlestick movement from the very bottom that you can see are divergences formed when buyers meet sellers at the bottom. Once you've found yourself identifying formations like this. Check the following. Has this token been sitting on this level for a long time? If they have been, that means it keeps on failing to swing lower than its current price and tendency is it will swing higher instead for it to test resistances. Always remember, for every time a token hits a support and it keeps bouncing. Will also have a corresponding number of possible testing of resistances until it breaks through. That's why these formations will be a great help to achieving the satisfactory breakout that everyone is looking for.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
