What Is Price Action
Its Always very confusing for all traders that what is Price Action. So today will explain for you price action and how to use it to maximise your profits.
See price action consist of 4 major things.
1. Trend
2. Support and resistance
3. Candlesticks
4. Candle Stick Chart pattern
1. Trend :
When we are using price action for trading the most important thing is trend. Now trend only moves in three directions. Either the trend is in upward direction known as bullish trend or its in the downward direction known as bearish trend or last but not the least is consolidation when the market is moving sideways in a specific range. To identify trend we must connect two points either the two lows or the two high which ensure either the market is in up trend or down trend. when the market is in uptrend market usually makes higher high and lower low and in down ward direction market makes lower high and lower low. when the previous low is broken on the bigger time frame it indicates market has changed is direction and now the trend is changed. When the market breaks its previous high means that now the trend is changed and and market is becoming more bullish. Pro traders usually look for breakout and confirmation to trade properly. So when the market is in consolidation phase it means that neither the market is going up nor down its trading in a specific range and usually pro traders do not trade when the market is in consolidation phase because movement is not clear.
2. Support and resistance
Market always moves in the terms of support and resistance knows as pivot points. R1, R2,R3. S1, S2,S3. R represents resistance and S represents Support.
Resistance is the level where market resist and tries very hard to go above that level when that level is broken we say market broke its resistance level. When the market goes down and takes support at the level from where it's bounce back is knows as support level and when that level is broken we say support level is broken. To trade properly we usually look these level because these level indicates higher number of transactions and it's authentic to identify from these level either the market is going upward or downward.
3. Candlesticks
4. Candlesticks chart pattern.
These two things are very important in price action and similar as well. To read charts properly it is necessary to understand the candlesticks because these Candlesticks are the one tells the whole story or I must the hidden story of the market. Candlestick are of different form knows as hammer candle, doji etc why these Candlesticks are important because these Candlesticks show us the change in the trend or direction. When these candles are formed at the resistance level we say market is going to change its direction will move downward and when these specific candles are made at support level it means a bullish reversal.
Now these candles have more significance when these candles are made on and off they make a pattern that pattern shows the direction of market for example cup and handle if cup and handle is made its mean a breakout towards upside and when the reverse cup and handle is formed it means a breakout towards downside.
I hope you guys understood I tried to explain this in a very simple way so that everyone can understand.
like share and follow for further updates and if anyone want to know anything just comment down below and I am ready to explain all those things for you in a simple way.
NOTE: Trade With Caution.

#shiba⚡ $SHIB
Shiba Inu prices are currently under intense pressure to correct, and purchasers are finding it difficult to take control of the market's recovery. The SHIB price breaks through the long-term resistance trendline, but is unable to maintain the breakout rally, which leads to a decline below $0.000010.
Nevertheless, a double bottom formation on the Shiba Inu price trend indicates that buyers are once again entering the market, breaking the run of lower high formations. Shiba Inu (SHIB) has had a difficult start to 2024, but the price movement for Shiba Inu in 2024 will be greatly influenced by the continuous struggle at the support trendline.
The price may hit the aim of $0.00006697 in 2024 if it can keep rising above $0.00003682. However, the SHIB price might surely fall to $0.000010 if it reverses. While a downturn is still a possibility, SHIB's outlook is generally favourable.
#SHIBAUSDT #Shibainuholder #ShibaFundamentalAnlysis #SHIB، $SHIB

#NOT🔥🔥🔥 $NOT
The cryptocurrency markets are rising again! The price of bitcoin soared past $57,000! Altcoins are likewise prepared for a significant comeback! Notcoin, a well-known altcoin, has managed to secure significant resistance in the interim. But in the upcoming days, it is anticipated that a daily close above these levels would drive the NOT price towards higher goals.

The attitudes of the market have significantly shifted and are predicted to stay erratic in the days ahead. It is anticipated that the NOT price will start a 25% rise to achieve the higher goals now that the bulls are taking control of the market. Since the beginning of the month, the token has decreased by almost 30%, caving in to the bearish pressure. The price is starting to rise strongly now, and it looks like a break above $0.02 is coming soon.

Since the price reached its peak near $0.03, the bears have exerted significant control over the upward trend. Because of this, the token was forced to stay consolidated within a descending triangle until the previous weekend, when the price was forced to break out of the lower support zone. The NOT price has recovered the support-turned-resistance zone following a small drop, which could lead to new bullish price action as it has been doing since the day's beginning. As long as the on-balance volume, or OBV, increases above the vertical consolidation, the MACD stays positive. This indicates that the bulls are taking control again, and the next objective could be about 0.718 above $0.02 after reaching 0.5 FIB at $0.013.
The Notcoin price must, however, close above the 0.618 FIB at $0.01677 in order to confirm this move and maybe signal a new bullish upswing towards the upper goals.
#Notcoinnews #NOTUSDT🚨 #Notcoin👀🔥 #notcoinprediction $NOT

#FLOKISKYROCKET #FLOKI? $FLOKI

Floki (FLOKI) is a standout choice for a top cryptocurrency investment in the next bull run, even in light of recent price declines in the whole market.Driven by a robust community, increasing traction, and fascinating project advancements, Floki is poised for substantial expansion.Its ability to withstand market downturns highlights its potential as the greatest cryptocurrency investment option. We'll examine the characteristics of the newest meme coin, Pepe Unchained, and how they support its presale momentum in addition to evaluating Floki's pricing.
Floki Price Analysis:
According to recent market statistics, Floki's trading volume has dropped by 21% to around $185 million, despite a minor 3% rise over the previous day that has kept its market worth at $1.4 billion.
These numbers demonstrate its strong market presence even in the face of more general uncertainty, as seen by a fear and greed index that favours prudence. Recent market fluctuations, such as the decline of Bitcoin below $58,000 following a prolonged period of between $60,000 and $70,000, indicate a turning point.
Most analysts believe this to be a transient low that might pave the way for a notable upward trend. Memes like Floki, which are now among the top performers on sites like CoinMarketCap, may benefit from speculation that Bitcoin may reach $150,000.
With a market valuation of about $1.5 billion, Floki is poised to overtake rivals like Dogecoin and Shiba Inu. This shows that Floki is resilient and has room to grow in the rankings.
Floki has conflicting indications from a technical standpoint, with neutral moving averages and a high sell sentiment.
Nearing the crucial support level at $0.000112, buyers are expecting a reversal, nevertheless. Should things change in the next week, it may rise to $0.0001835, the 38.20% Fibonacci level.

#dotcoin $DOT #DOT_UPDATE

Polkadot has recently experienced increased buying activity near the $5.5 crucial support region, leading to a notable surge and breaking above the previously breached multi-month triangle’s lower boundary. This price movement indicates a false breakout and suggests a potential period of bullish retracements.
Technical Analysis:
Daily chart:
A detailed analysis of Polkadot’s daily chart reveals a significant bullish revival near the $5.5 support range. This area has seen intensified buying activity, resulting in a resurgence of demand and a notable surge in price. As a result, Polkadot broke above the previously breached lower trendline of the multi-month triangle, signaling a false bearish breakout. This action suggests an increase in buying interest among market participants. Currently, DOT faces a crucial resistance region at the $6.3 level. If buyers surpass this threshold and sustain the bullish momentum, the uptrend could continue toward the 100-day moving average of $7.2. Conversely, if the price is rejected at this resistance, Polkadot will likely enter a consolidation phase within the $5.5-$6.3 range.
4 Hr Chart:
The 4-hour chart provides further insights into Polkadot’s price action. Following a break above the descending price channel, the price printed a notable surge, indicating a revival in demand and buying pressure, possibly driven by activities in the perpetual markets. DOT now confronts a critical resistance area, which includes the $6.3 resistance level and the previous major swing high of $6.428. If Polkadot reclaims this resistance threshold, it could trigger a slight short-squeeze and shift market sentiment, leading to a sustained uptrend towards the $7 resistance region. However, if the price faces rejection at this level, a short-term consolidation phase is expected within the $6.3-$5.4 range. Hence, Polkadot’s price action in the upcoming days will be pivotal in determining its trajectory.
Market Sentiment Analysis:
Polkadot has experienced a recent increase in demand, leading to a significant rise toward its previous major swing high of $6.3. Understanding the supply dynamics at this critical level is essential for making well-informed trading decisions. The accompanying chart illustrates potential liquidation zones within Polkadot’s price movements, providing crucial insights for mid-term strategies by smart money. The chart reveals that the price has been targeting liquidity pools above its swing highs during the recent uptrend, reflecting bullish solid momentum and increased buying interest. Notably, substantial liquidity is concentrated above the critical $6.3 resistance level, which could be a short-term target for buyers aiming to reclaim this pivot and liquidate short positions.
Capturing this resting liquidity would enable buyers to sustain their upward momentum and drive the price higher in the mid-term. However, this level could also serve as a significant resistance point, and the forthcoming price action in this area will likely offer valuable insights into the future direction of Polkadot’s price.

$XRP

Ripple's price encountered resistance at the daily level of $0.499 on Tuesday, resulting in an 11% decline over the next two days. At the time of writing, it trades 8.7% down at $0.393, below the weekly support level of $0.413.   If XRP’s daily closes below $0.413, it could crash 15% to revisit its March 12, 2023 low of $0.347.
This bearish thesis is supported by the Relative Strength Index (RSI) and the Awesome Oscillator (AO) on the daily chart, both of which are below their respective neutral thresholds of 50 and zero. This implies that bearish momentum will likely continue, which might cause the price of ripples to drop even more.
Conversely, if the Ripple price daily candlestick closes above $0.499 and forms a higher high in the daily time frame, it could indicate that bullish sentiment persists. Such a development may trigger a 6% rise in Ripple's price to revisit its high of June 5 at $0.532.

$ETH

The downward trendline rejected the price of ether on Monday, causing an 11% drop in price over the following three days. It had dropped below its June 24 low of $3,240 by Thursday's closing, and it was back at its May 1 low of $2,817.As of Friday, it is trading at about $2,914, which represents a further 4.4% decline from the level of the previous day. The price of ETH may drop 6.5% to retest its daily support level of $2,621 if it closes below its low point of $2,817 from May 1.
This bearish thesis is supported by the Relative Strength Index (RSI) and the Awesome Oscillator (AO) on the daily chart, both of which are below their respective neutral thresholds of 50 and zero. This implies that bearish momentum will likely persist, which might cause the price of Ethereum to drop even more.
On the other hand, if Ethereum's daily candlestick price closes above $3,524, forming a higher high in the daily time frame, it could indicate that bullish sentiment persists. Such a development may trigger a 5.6% rise in Ethereum's price to revisit its high of June 9 at $3,717.

$BTC

On Monday, the price of bitcoin hit resistance at the daily level of $63,956, which led to a 9.2% decrease over the following three days. It had dropped below the weekly support level of $58,375 by Thursday's close. As of Friday, it was trading at roughly $55,314, which is a 2.8% decline from the previous day's closing price.

Bitcoin's price may drop 7.3% to retest its daily support level of $52,266 if it closes below its low of $56,522. This bearish thesis is supported by the Relative Strength Index (RSI) and the Awesome Oscillator (AO) on the daily chart, both of which are below their respective neutral thresholds of 50 and zero. This implies that bearish momentum will likely persist, which might cause the price of bitcoin to drop even more.
On the other hand, it would suggest that bullish sentiment is still prevalent if BTC closes above the $63,956 daily resistance level and makes a higher high in the daily time frame. A 5% increase in the price of Bitcoin could result from this development, taking it back to its next weekly resistance level of $67,147.