1. Downward Trend: The chart shows a downward trend (descending trendline) that is affecting the price movement of the coin. You may use this area to find a bottom.
2. Accumulation Zone: The blue area seems to mark a potential accumulation or support zone, where you may start to enter gradually using the DCA strategy.
3. Price Target: The dotted line shows a significant price increase projection, with a target of around 5.9 in 2025. This indicates a long-term upside expectation from the accumulation level.
4. Reversal Pattern Indication: There are indications that the price may be forming a reversal pattern, such as a breakout from the descending trendline.#CryptoExplorerFiesta #Binance $MANA
In the first image, there is an area labeled "BUY Correction" indicating a correction zone, where the price is expected to fall first before potentially rising. This is the area used to place a buy entry at the lowest anticipated price.
This correction price is in the range of around $5.53 to $7.68, marking a potential buy point when the price touches that level.
Core Strategy of This Analysis:
1. Wait for the Correction Price: Enter a buy position when the price touches the correction zone around $5.53 - $7.68.
2. Patiently Wait for the Increase: Hold the asset until the price reaches the projected profit target.
3. Risk Management: Set a stop-loss below the correction area if the price breaks through support to limit losses. $BTC $ETH $XRP #LINK
In my analysis in July 2024, XRP looked quite cheap at around $0.4109. I suggested buying at that price with a target price of around Rp31,205 per coin. At the time of this video, the price of XRP had reached around Rp30,000 per coin, indicating a price movement close to my predicted target.$XRP #XRPUSDT🚨 #Xrp🔥🔥 #XRPnews #XRPBurn $XRP
2021: Correction reached around 77% at the bottom of the bear market in 2022.
2. Average historical correction: BTC correction after ATH usually ranges from 70%-85%, depending on market conditions (macroeconomic, adoption, or sentiment factors).
3. Factors affecting correction:
Bitcoin halving cycle.
Global sentiment towards cryptocurrencies.
Regulation and the impact of institutional adoption. #BTC☀️