downward
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🔽 #İNJ may go lower
A rather negative picture is forming on the chart of Injective. Let's consider it on the 1-day #timeframe .
After the decline in mid-April, the price has fallen into consolidation. It is taking place within the pattern "ascending price channel" 📈
Within this formation, the price has consolidated under the midline of the channel. There are chances that after that there will be a #downward retracement of the trend that preceded the formation.
Here the transformation of the pattern "ascending price channel" into the pattern "bearish flag" 🐻can be completed.
#BNBHODLer #BTC
A rather negative picture is forming on the chart of Injective. Let's consider it on the 1-day #timeframe .
After the decline in mid-April, the price has fallen into consolidation. It is taking place within the pattern "ascending price channel" 📈
Within this formation, the price has consolidated under the midline of the channel. There are chances that after that there will be a #downward retracement of the trend that preceded the formation.
Here the transformation of the pattern "ascending price channel" into the pattern "bearish flag" 🐻can be completed.
#BNBHODLer #BTC
➡️ The #NULS coin. I chose it for you for a reason, but so that you can see the effect of psychology and prices on the chart. When the accumulation phase occurs, few people are interested .➡️ But as soon as there is growth, there is immediately euphoria of purchases ✌ Instant and quick effect followed by a tedious corrective downward movement. Isn't that what we're seeing in the market right now? - OF COURSE 👍
🟡 Have you noticed how a huge number of tokens and coins, during the current #bitcoin consolidation, formed a bunch of long formations (bullish triangles, wedges, channels, flags, divergences, MA retests, etc.) - Did you notice? ??
Do you think it's all just like that? Do you think that they have been constantly working upwards all this time, but this time they will work #downward ? 🧐 Don't be funny, friends. Charts are a reflection of the market psychology of the majority, remember this, and $NULS is an indicator of this ⏪ Since it is he who has many bullish formations that worked out like in the book. Therefore, I am considering a SPOT purchase in the specified block no earlier and are waiting for the set goals 👥
Only SPOT , strictly according to the specified markings no more than 1-3% of the deposit
🟢 #AirdropGuide #BTC
🟡 Have you noticed how a huge number of tokens and coins, during the current #bitcoin consolidation, formed a bunch of long formations (bullish triangles, wedges, channels, flags, divergences, MA retests, etc.) - Did you notice? ??
Do you think it's all just like that? Do you think that they have been constantly working upwards all this time, but this time they will work #downward ? 🧐 Don't be funny, friends. Charts are a reflection of the market psychology of the majority, remember this, and $NULS is an indicator of this ⏪ Since it is he who has many bullish formations that worked out like in the book. Therefore, I am considering a SPOT purchase in the specified block no earlier and are waiting for the set goals 👥
Only SPOT , strictly according to the specified markings no more than 1-3% of the deposit
🟢 #AirdropGuide #BTC
☄️ $ZKJ may plunge #downward
#PolyhedraNetwork may see a strong move on the chart. The coin looks dangerous to buy.
On the 4 hour chart #timeframe , the price is moving above the ~$1.1 🕯support level. You can see that the price is getting closer and closer to this level, as if pushing up against it.
In my experience, I can say that the clear bar at the support level is likely being held artificially via market maker❗️
On this token I expect a collapse in the very near future. Pay attention to the token 📉
#AirdropGuide #BTC
#PolyhedraNetwork may see a strong move on the chart. The coin looks dangerous to buy.
On the 4 hour chart #timeframe , the price is moving above the ~$1.1 🕯support level. You can see that the price is getting closer and closer to this level, as if pushing up against it.
In my experience, I can say that the clear bar at the support level is likely being held artificially via market maker❗️
On this token I expect a collapse in the very near future. Pay attention to the token 📉
#AirdropGuide #BTC
The $IOTX price is again moving close to the $0.04400-0.04700 demand zone.
The supply level of $0.06600 once again proved to be a strong barrier to price growth.And after reaching that area, the price decreased by more than 25%.
It's imperative to monitor the current level closely, as a fall below it could lead to a substantial #downward trend.
#AirdropGuide #BTC #bitcoin #altcoins
The supply level of $0.06600 once again proved to be a strong barrier to price growth.And after reaching that area, the price decreased by more than 25%.
It's imperative to monitor the current level closely, as a fall below it could lead to a substantial #downward trend.
#AirdropGuide #BTC #bitcoin #altcoins
#PIVX is above the #Uptrend line on the 4-hours time frame. The price can increase from the green area to the #downward trend line. ️
#AirdropGuide #BTC
#AirdropGuide #BTC
$LDO
The coin is on the verge of losing 382 descending Fibonacci and 618 ascending #Fibonacci . Both levels provided excellent support and attracted the asset towards themselves, however, during a protracted trade, the seller wins due to numerous factors. The moving averages formed a death cross, thereby creating an extremely precarious position for the asset, since with a probability of over 70% the asset will continue to adjust and break the main support level of the local trend at $1.8765.
We are in the configuration of a bearish triangle and trading within it. The buyer made several attempts to break through, but all of them ended negatively. Within the #downward movement, we aren’t seeing any buying or other other abnormal activities indicating a reversal, which leads to certain thoughts.
The buyer needs to hold the $1.8540 area, as leaving below will lead to a gap (void) and subsequently to a 20% correction. At the bottom, we are saved by 236 descending and 786 ascending ones, and their loss will lead to the complete annihilation of the bullish trend as such. The volumes in the asset are at a high level, but the Volume Delta indicator signals a negative delta (the difference between buying pressure and selling pressure).
The Choppiness Index (CHOP) has almost reached 80 points - a high level of trend roughness. Probably in the near future, the indicator values will begin to adjust and volatility will appear in the asset. The seller has repeatedly formed bearish engulfing configurations, which adds points towards a bearish movement.
The result is that the buyer needs to make efforts to get back over 382 descending and 618 ascending Fibonacci and continue the upward movement. It is enough for the seller to break through the $1.8785 level and lower us into the gap area.
#CryptoWatchMay2024 #BTC #ai
The coin is on the verge of losing 382 descending Fibonacci and 618 ascending #Fibonacci . Both levels provided excellent support and attracted the asset towards themselves, however, during a protracted trade, the seller wins due to numerous factors. The moving averages formed a death cross, thereby creating an extremely precarious position for the asset, since with a probability of over 70% the asset will continue to adjust and break the main support level of the local trend at $1.8765.
We are in the configuration of a bearish triangle and trading within it. The buyer made several attempts to break through, but all of them ended negatively. Within the #downward movement, we aren’t seeing any buying or other other abnormal activities indicating a reversal, which leads to certain thoughts.
The buyer needs to hold the $1.8540 area, as leaving below will lead to a gap (void) and subsequently to a 20% correction. At the bottom, we are saved by 236 descending and 786 ascending ones, and their loss will lead to the complete annihilation of the bullish trend as such. The volumes in the asset are at a high level, but the Volume Delta indicator signals a negative delta (the difference between buying pressure and selling pressure).
The Choppiness Index (CHOP) has almost reached 80 points - a high level of trend roughness. Probably in the near future, the indicator values will begin to adjust and volatility will appear in the asset. The seller has repeatedly formed bearish engulfing configurations, which adds points towards a bearish movement.
The result is that the buyer needs to make efforts to get back over 382 descending and 618 ascending Fibonacci and continue the upward movement. It is enough for the seller to break through the $1.8785 level and lower us into the gap area.
#CryptoWatchMay2024 #BTC #ai
- Analyst Dave the Wave, who accurately predicted the crypto market meltdown in May 2021, believes that Bitcoin's current bear market and correction from its 2023 high will likely continue until the end of the year.
- Dave the Wave uses his version of #logarithmic growth curves (LGC) to forecast Bitcoin's macro highs and lows while filtering out short-term volatility.
- BTC is currently #trading near the bottom of Dave the Wave's LGC, in the "buy zone," indicating potential for an upward move.
- He suggests that BTC might experience a slight #downward movement until next year before pushing to new all-time highs above $69,000 by the middle of 2024.
- Dave the Wave points out that the monthly moving average convergence divergence (MACD), a long-term momentum indicator, has also flipped bullish, adding to the positive outlook.
- He believes that current #BTC prices are reasonable for investment based on the LGC and the #bullish MACD.
- As of the current time, Bitcoin is trading at $25,990.
$BTC $
- Dave the Wave uses his version of #logarithmic growth curves (LGC) to forecast Bitcoin's macro highs and lows while filtering out short-term volatility.
- BTC is currently #trading near the bottom of Dave the Wave's LGC, in the "buy zone," indicating potential for an upward move.
- He suggests that BTC might experience a slight #downward movement until next year before pushing to new all-time highs above $69,000 by the middle of 2024.
- Dave the Wave points out that the monthly moving average convergence divergence (MACD), a long-term momentum indicator, has also flipped bullish, adding to the positive outlook.
- He believes that current #BTC prices are reasonable for investment based on the LGC and the #bullish MACD.
- As of the current time, Bitcoin is trading at $25,990.
$BTC $
1. **#Uniswap Snapshot:** Uniswap's price is $5.92 with a $72.47 million #trading volume in 24 hours. Market cap is $3.42 billion, down 2.19% in 24 hours.
2. **Price Analysis:** Uniswap shows a #bearish trend, hitting $5.90. One-day trend is bearish, while a recent four-hour rebound reached $5.897. Volatility suggests possible #downward trend.
3. **Outlook:** Bearish sentiment persists, with Uniswap at $5.90. Recent minor recovery doesn't shift overall bearish #market conditions, influenced by ongoing fluctuations..
$UNI
2. **Price Analysis:** Uniswap shows a #bearish trend, hitting $5.90. One-day trend is bearish, while a recent four-hour rebound reached $5.897. Volatility suggests possible #downward trend.
3. **Outlook:** Bearish sentiment persists, with Uniswap at $5.90. Recent minor recovery doesn't shift overall bearish #market conditions, influenced by ongoing fluctuations..
$UNI
As I have repeatedly emphasized before, $BTC is currently undergoing significant #fluctuations and a #downward trend. It is not advisable to operate using either a range-bound or a unilateral downward strategy. Therefore, maintaining a small position and trading in phases is essential to avoid being #liquidated .
