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Bitcoin 4 hour chart analysis
#btc/usdt 4 hour candle is forming a flat top/bottom channel, the market may go down and then turn bullish, so trade carefully and avoid losses
$BTC $SOL
#bitcoin #Binance #chartpattern #First1Bitcoin
$BTC $SOL
#bitcoin #Binance #chartpattern #First1Bitcoin
What is Candles?
Story
It began to be used in Japan in the 17th century to anticipate the price of rice and to establish futures contracts that were profitable for the analyst.
From there it expanded to other markets.
Basic Candle Theory:
To create a candlestick chart, you must have a dataset that contains open, high, low, and close values for each time period that you want to display. The hollow or full part of the candlestick is called "the body" (also known as "the real body").
The long, thin lines above and below the body represent the high / low range and are called "shadows" (also called "highlights" and "tails"). The high is marked by the upper part of the upper shadow and the low is marked by the lower part of the lower shadow. If the stock closes above its opening price, a hollow candle is drawn with the lower body representing the opening price and the upper body representing the closing price. If the stock closes below its opening price, a filled candle is drawn with the upper body representing the opening price and the lower body representing the closing price.
Questions
๐Why is the opening price different?
This does depend on the type of candle, if the bar is red or bearish as you decide to call it, it means that the opening is above the closing price. And also the same in the opposite case.
๐Why are High and Low the same?
Well, here the type of candle does not depend, it depends on the price of your asset. If the price is high. It will remain high and if the price is low it will be low.
๐What is the body?
The body is the distance between the opening price and the closing price.
๐What is high?
High is the highest list price, but it is not inside the body. This is often called "shadow".
๐What is Low?
Low is the lowest listed price but it is not inside the body. This is often called "shadow".
If you like this, follow me soon we will explain what is Hollow Candles and what is Patterns Candles.๐๐
$BTC $ETH $BNB
It began to be used in Japan in the 17th century to anticipate the price of rice and to establish futures contracts that were profitable for the analyst.
From there it expanded to other markets.
Basic Candle Theory:
To create a candlestick chart, you must have a dataset that contains open, high, low, and close values for each time period that you want to display. The hollow or full part of the candlestick is called "the body" (also known as "the real body").
The long, thin lines above and below the body represent the high / low range and are called "shadows" (also called "highlights" and "tails"). The high is marked by the upper part of the upper shadow and the low is marked by the lower part of the lower shadow. If the stock closes above its opening price, a hollow candle is drawn with the lower body representing the opening price and the upper body representing the closing price. If the stock closes below its opening price, a filled candle is drawn with the upper body representing the opening price and the lower body representing the closing price.
Questions
๐Why is the opening price different?
This does depend on the type of candle, if the bar is red or bearish as you decide to call it, it means that the opening is above the closing price. And also the same in the opposite case.
๐Why are High and Low the same?
Well, here the type of candle does not depend, it depends on the price of your asset. If the price is high. It will remain high and if the price is low it will be low.
๐What is the body?
The body is the distance between the opening price and the closing price.
๐What is high?
High is the highest list price, but it is not inside the body. This is often called "shadow".
๐What is Low?
Low is the lowest listed price but it is not inside the body. This is often called "shadow".
If you like this, follow me soon we will explain what is Hollow Candles and what is Patterns Candles.๐๐
$BTC $ETH $BNB
0x (ZRX) Long Term Bullish +400%
Here is another interesting altcoin you must keep an eye on $0x (ZRX) turn long term bullish for the first time of the year a very promising coin.0x (ZRXUSDT) is moving above MA200 to the upside for the first time since February 2021.This is matched by the highest volume daily since February 2021.The highest buy volume came in 8-October.We have two really strong signals supporting each other:Break above MA200; Ultra-high buy volume at low prices.The classic signals are also in place: Long-term higher low (Aug. '23 vs Dec. '22) RSI above 60. Bullish MACD.0x $ZRX is preparing for another huge leg up in the crypto market.It will take time to develop, slow and sustained growth. There will be retraces and corrections along the way, but the year when it all happens is 2024.#CTTO photo not mine.#trendanalysis #0x $ZRX #chartpattern #indicator #indicator #technicalanalysis
$UNFI
UNFI/USDT Price Breaks Channel, Retests 200MA as Psychological Resistance to Continuing Uptrend Momentum
The UNFI/USDT price chart is at a critical juncture. A breakout above the 200-day SMA and $4.50 could signal a continuation of the uptrend, while a failure to do so could indicate a pullback or reversal. Traders should carefully consider technical indicators and overall market conditions before making any investment decisions.
#altcoins #UNFIUSDT
If the UNFI/USDT price can decisively break above the 200-day SMA and the $4.50 level, it could signal a continuation of the uptrend. Conversely, a failure to break through these resistance levels could indicate a potential pullback or even a reversal of the uptrend.
#BinanceTournament #chartpattern #6thTrade
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your research before making any investment decisions.
UNFI/USDT Price Breaks Channel, Retests 200MA as Psychological Resistance to Continuing Uptrend Momentum
The UNFI/USDT price chart is at a critical juncture. A breakout above the 200-day SMA and $4.50 could signal a continuation of the uptrend, while a failure to do so could indicate a pullback or reversal. Traders should carefully consider technical indicators and overall market conditions before making any investment decisions.
#altcoins #UNFIUSDT
If the UNFI/USDT price can decisively break above the 200-day SMA and the $4.50 level, it could signal a continuation of the uptrend. Conversely, a failure to break through these resistance levels could indicate a potential pullback or even a reversal of the uptrend.
#BinanceTournament #chartpattern #6thTrade
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your research before making any investment decisions.
Based on the technical analysis provided, it appears that the bullish rally for $pepe might be over as there has been a rejection from the trend line area, indicating a possible fake out. The next trade plan suggested is to short $pepe once it touches or breaks the green box area in the chart. It's emphasized to do your own research and avoid getting rekt. If you find this analysis helpful, consider liking and following for daily updates. #PEPE_EXPERT #TechnicalAnalysis #chartpattern
$THETA
$PEPE
$CHZ
$THETA
$PEPE
$CHZ
