Instructions and explanations for market confirmation
The candlestick below the EMA(7) line usually has a short-term downtrend, which means the price will be controlled by the sellers, so when the price touches the EMA, it often reacts quite strongly! If it exceeds this level, the market will go up
Yesterday, someone asked me what price to short, I referenced the EMA(25) at 2332, but when it reached that level, it flew past and reached the 2442 level, fluctuating, currently the 24h level is 2494, with today's candle sweeping the bottom and touching the EMA(25) medium-term line, this proves that the market is entering a new uptrend cycle! ETH will surpass the 2800 level and then slowly fall back up, alti will gradually recover! So the short sale on August 5 is the bottom of this year! Any doubts about 19xx or 16xx are completely unfounded!
Basically, alti will recover in turn, sequentially before and after, don't see it increase by 30-40 then buy when the price drops and say "scam" that is the rule of money flow on crypto, reaching a certain peak then sweeping the bottom and going up again, to know that depends on the player's experience! If you want a lot of profit, it depends on the person who spots continuously!
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