YOU'RE IN FOR A RIDE AS SOON AS YOU SEESE THESE EASY FORMATIONS!
Many traders have observed these structures but are unable to provide an explanation for their true meaning.
I'll make it easy for you to learn.
These kinds of formations are supported by logic and reasoning. When buyers and sellers meet at the bottom, divergences are created, as seen by the candlestick movement from the very bottom. after you've discovered that you can recognize formations like this. Examine the following. Has this token been at this position for a while? If they have, it indicates that it consistently fails to swing below its present price and instead tends to swing upward in order to test resistances. Never forget that a token will continue to bounce after hitting a support. Additionally, there will be a matching number of potential resistance tests before it succeeds. For this reason, these configurations will be highly beneficial in reaching the desired breakout.
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.