agodiniz
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#PENGUN
๐คฏ How I Got the Next Candlestick Prediction Wrong for $PENGU / $USDC
Today I bring you an analysis that went wrong and I want to share (people here usually only show what's right) how my interpretation of the PENGU/USDC chart ended up leading me to a wrong prediction. Part of learning in the market is understanding where we went wrong in order to improve in the future.
My Interpretation: Ascending Wedge
When analyzing the chart, I identified what appeared to be an ascending wedge, a chart pattern that usually indicates a bearish reversal. This pattern is characterized by two converging ascending trendlines, with the price forming lower highs and higher lows, signaling a possible exhaustion of buying power.
With the RSI already in the overbought zone (87.37) and the price near the resistance of the wedge, I projected that the next move would be a pullback, breaking the support of the pattern (lower trendline) and confirming the complete formation of the wedge.
What Really Happened?
As soon as the next candle was formed, the price broke the upper resistance line (upper trendline of the wedge) with force, generating an explosive move to the upside and completely invalidating my pullback prediction.
The breakout showed that the pattern I identified was not an ascending wedge, but rather an uptrend channel with strong momentum, indicating that buying pressure was still dominating the market.
Why Did I Get It Wrong?
1. Pattern Confusion:
I misinterpreted the move as an ascending wedge, when in fact the price was moving within an uptrend channel with strong signs of an uptrend breakout.
2. Underestimated Momentum:
Buying pressure was much greater than the reversal signals suggested by the elevated RSI or the shape of the chart.
3. Ignored Breakout Signals:
The increased volume and proximity of resistance indicated the possibility of a breakout that went unnoticed in my analysis.
๐คฏ How I Got the Next Candlestick Prediction Wrong for $PENGU / $USDC
Today I bring you an analysis that went wrong and I want to share (people here usually only show what's right) how my interpretation of the PENGU/USDC chart ended up leading me to a wrong prediction. Part of learning in the market is understanding where we went wrong in order to improve in the future.
My Interpretation: Ascending Wedge
When analyzing the chart, I identified what appeared to be an ascending wedge, a chart pattern that usually indicates a bearish reversal. This pattern is characterized by two converging ascending trendlines, with the price forming lower highs and higher lows, signaling a possible exhaustion of buying power.
With the RSI already in the overbought zone (87.37) and the price near the resistance of the wedge, I projected that the next move would be a pullback, breaking the support of the pattern (lower trendline) and confirming the complete formation of the wedge.
What Really Happened?
As soon as the next candle was formed, the price broke the upper resistance line (upper trendline of the wedge) with force, generating an explosive move to the upside and completely invalidating my pullback prediction.
The breakout showed that the pattern I identified was not an ascending wedge, but rather an uptrend channel with strong momentum, indicating that buying pressure was still dominating the market.
Why Did I Get It Wrong?
1. Pattern Confusion:
I misinterpreted the move as an ascending wedge, when in fact the price was moving within an uptrend channel with strong signs of an uptrend breakout.
2. Underestimated Momentum:
Buying pressure was much greater than the reversal signals suggested by the elevated RSI or the shape of the chart.
3. Ignored Breakout Signals:
The increased volume and proximity of resistance indicated the possibility of a breakout that went unnoticed in my analysis.
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I already did my trades before this drop in the 5p chart. I think it will drop now!
$BIO now all the assholes who waited for this shit to go down bought it and are wanting us to buy it saying it will go up because now the iron is in their ass, I'm going to wait now for the correction of the test because after the storm comes the calm!
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I believe so โ๏ธ
Will $BIO reach &0.885 today?
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Look at the weekly chart, and wait for at least 3 bearish candles. Then maybe 4 or 5 candles will be bullish.
$USUAL looking at the chart, I notice the double top M chart where the smiley face shows highs (top) and the downward trend.......it fell......and many are afraid......selling. I saw that it looks like a smiling face......because after the fall it can only go up. lol
then I'm seeing a double bottom formation...
a fall, a rise.....fall again........and, if it sets my expectations.....the rise will come with force...
in the drawing it looks like a mischievous wink....
let's see, right.....faith with me today and always
then I'm seeing a double bottom formation...
a fall, a rise.....fall again........and, if it sets my expectations.....the rise will come with force...
in the drawing it looks like a mischievous wink....
let's see, right.....faith with me today and always
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Tรก jogando roleta amigo? Porque 120 dias?
I invested a good amount of money in $USUAL . I know it's a high-risk investment. But I chose to stay for 120 days without touching it. And I bought at a low price and I'm going to buy more. I don't know if it will work out, but if it does, I'll let you know what happened!
Happy New Year to all investors!
Happy New Year to all investors!
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Taking advantage of market opportunities!
While many are criticizing $USUAL and the recently released $BIO , I am focused on strategy and discipline. While I wait for at least 3 bearish candles on the weekly chart of USUAL, I believe that we are close to a significant recovery of this asset.
I believe in the short-term appreciation of $BIO , but I know that, like $USUAL , it will also have a future correction. I will take advantage of this bullish window of BIO to balance my portfolio and maximize gains while USUAL is still falling.
As soon as USUAL starts to rise, my strategy will be to consolidate profits and prepare for more stable movements.
Why this approach?
1. I use the bullish and bearish cycles intelligently, taking advantage of the right timing for entry and exit.
2. I keep my tokens in Earn, ensuring that they yield while I wait for market movements.
3. The focus is on the planned appreciation: catching the BIO high in the short term and the recovery of the USUAL medium/long term.
4. After the highs, I will convert the tokens to $USDC , keeping everything in Earn and 25% allocated to Futures Operations.
While some only see chaos, others see opportunities. ๐
While many are criticizing $USUAL and the recently released $BIO , I am focused on strategy and discipline. While I wait for at least 3 bearish candles on the weekly chart of USUAL, I believe that we are close to a significant recovery of this asset.
I believe in the short-term appreciation of $BIO , but I know that, like $USUAL , it will also have a future correction. I will take advantage of this bullish window of BIO to balance my portfolio and maximize gains while USUAL is still falling.
As soon as USUAL starts to rise, my strategy will be to consolidate profits and prepare for more stable movements.
Why this approach?
1. I use the bullish and bearish cycles intelligently, taking advantage of the right timing for entry and exit.
2. I keep my tokens in Earn, ensuring that they yield while I wait for market movements.
3. The focus is on the planned appreciation: catching the BIO high in the short term and the recovery of the USUAL medium/long term.
4. After the highs, I will convert the tokens to $USDC , keeping everything in Earn and 25% allocated to Futures Operations.
While some only see chaos, others see opportunities. ๐
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If it doesn't break the support, it's fine ๐
$USUAL I could be wrong but I don't think so
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In my analysis $USUAL will remain down for 3 to 4 consecutive weeks.
$USUAL With the current market value the trend is to fall. That is if they don't dump another 4 million remaining from the target. If that happens 0.93 is right there. Then I'll buy more.
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I think it will fall more and then rise again. It just doesn't make sense to keep going up without falling. So take a look at the 1 week graph.
$USUAL
I expected the price of this currency to stabilize at an average of $1
But after increasing the supply to 2M crypto daily, I think within two weeks it will drop to 0.70
I expected the price of this currency to stabilize at an average of $1
But after increasing the supply to 2M crypto daily, I think within two weeks it will drop to 0.70
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#WARNING
I've noticed a lot of people criticizing $USUAL , but honestly, I can't understand this kind of behavior coming from crypto investors. For me, you don't need to be a technical expert to understand the weekly chart (1W).
If you look closely, any healthy cryptocurrency asset follows a wave-like movement. This is something natural, driven by bullish and bearish cycles in the market. I'm a dev, and to this day I don't know of a crypto whose chart doesn't form waves over time. Am I wrong?
The question here is: whoever entered $USUAL and is at a loss needs to evaluate the market with patience and strategy. It doesn't make sense to sell now, when the price is lower. For those who bought, I recommend that you put your tokens in an Earn or Staking program, if available. This way, you can earn income while waiting for the recovery movement.
Remember: the crypto market is volatile, but it also rewards those who know how to wait for the medium and long term. Hold on to your assets, don't sell at a low.
Trust the cycle, stay calm, and focus on your strategy.
I've noticed a lot of people criticizing $USUAL , but honestly, I can't understand this kind of behavior coming from crypto investors. For me, you don't need to be a technical expert to understand the weekly chart (1W).
If you look closely, any healthy cryptocurrency asset follows a wave-like movement. This is something natural, driven by bullish and bearish cycles in the market. I'm a dev, and to this day I don't know of a crypto whose chart doesn't form waves over time. Am I wrong?
The question here is: whoever entered $USUAL and is at a loss needs to evaluate the market with patience and strategy. It doesn't make sense to sell now, when the price is lower. For those who bought, I recommend that you put your tokens in an Earn or Staking program, if available. This way, you can earn income while waiting for the recovery movement.
Remember: the crypto market is volatile, but it also rewards those who know how to wait for the medium and long term. Hold on to your assets, don't sell at a low.
Trust the cycle, stay calm, and focus on your strategy.
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I think it's very optimistic. Take a look at the 1 week chart
$USUAL Getting ready for 1.40 until the 1st
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Take a look at the 1 week graph
$USUAL they don't stop issuing more coins, they said there would be 494 million tokens this year, we are already at 506 million, as long as they don't stop issuing more coins the prices will only tend to fall further!
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I would say smart. Dude, just look at the 1-week chart, this drop is super normal. Gatekeeper wants a token that only goes up? I don't know of any crypto that doesn't make a wave chart. Buy it!
$USUAL i sold my coins when they were at its peak
considering to reinvest
is it risky or totally fine?
considering to reinvest
is it risky or totally fine?
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I think it will continue to fall. You don't need to be an expert. Just open the 1 week chart, I'm a dev and I don't know of any crypto where the chart doesn't form a wave shape.
๐ Breakout Alert! USUAL Could Soar 70% ๐
$USUAL
Is USUAL ready to explode? ๐
The crypto market is buzzing with excitement as USUAL teeters on the edge of a potential breakout! ๐ง This altcoin has been quietly consolidating within a symmetrical triangle, building up energy like a coiled spring. ๐ฅ
What's a Symmetrical Triangle? ๐ค
Think of it like a boxer circling their opponent, waiting for the perfect moment to strike. ๐ฅ A symmetrical triangle is a technical chart pattern where price action is contained within two converging trendlines. As the lines get closer, the pressure builds, and a breakout is imminent.
Why is this Breakout Important? ๐ฐ
A successful breakout to the upside could send USUAL soaring towards $2.20, representing a potential 70% gain! ๐ค That's a massive opportunity for early investors.
But How Do I Know if it's a Real Breakout? ๐ค
Keep a close eye on the price action. A decisive break above the upper trendline, accompanied by a surge in trading volume, would confirm the breakout and signal a bullish move.
What's Next? ๐
After the breakout, USUAL could experience a strong upward momentum. However, it's crucial to remember that the crypto market is volatile. So, always practice responsible risk management and invest only what you can afford to lose.
Ready to Ride the Wave? ๐
If you're feeling bullish on USUAL, now might be the time to consider adding it to your portfolio. But remember, DYOR (Do Your Own Research) and NFA (Not Financial Advice).
Let's make some gains together! ๐
#Crypto #USUAL #Altcoins #Breakout #Bullish #DYOR #NFAโ
Is USUAL ready to explode? ๐
The crypto market is buzzing with excitement as USUAL teeters on the edge of a potential breakout! ๐ง This altcoin has been quietly consolidating within a symmetrical triangle, building up energy like a coiled spring. ๐ฅ
What's a Symmetrical Triangle? ๐ค
Think of it like a boxer circling their opponent, waiting for the perfect moment to strike. ๐ฅ A symmetrical triangle is a technical chart pattern where price action is contained within two converging trendlines. As the lines get closer, the pressure builds, and a breakout is imminent.
Why is this Breakout Important? ๐ฐ
A successful breakout to the upside could send USUAL soaring towards $2.20, representing a potential 70% gain! ๐ค That's a massive opportunity for early investors.
But How Do I Know if it's a Real Breakout? ๐ค
Keep a close eye on the price action. A decisive break above the upper trendline, accompanied by a surge in trading volume, would confirm the breakout and signal a bullish move.
What's Next? ๐
After the breakout, USUAL could experience a strong upward momentum. However, it's crucial to remember that the crypto market is volatile. So, always practice responsible risk management and invest only what you can afford to lose.
Ready to Ride the Wave? ๐
If you're feeling bullish on USUAL, now might be the time to consider adding it to your portfolio. But remember, DYOR (Do Your Own Research) and NFA (Not Financial Advice).
Let's make some gains together! ๐
#Crypto #USUAL #Altcoins #Breakout #Bullish #DYOR #NFAโ
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Krl, have you guys opened the 1-week chart yet? Which crypto do you know that doesn't make a wave chart?
If the coin didn't fall, it would be the first asset that doesn't make a wave chart lol
If the coin didn't fall, it would be the first asset that doesn't make a wave chart lol
$USUAL
TOKEN manipulation
They gave a boost up to $1.1412 to cheer up the dreamers.
They're going to drop it to $1.00/1.03.
Token of dreams that turns into nightmares.
TOKEN manipulation
They gave a boost up to $1.1412 to cheer up the dreamers.
They're going to drop it to $1.00/1.03.
Token of dreams that turns into nightmares.
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Look at the 1 week chart. The token hasn't even formed a wave yet lol
Time to buy $USUAL and lose all your money ๐
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Look at the 1 week graph
$USUAL For now it looks like an old engine, powered by coal and chopped money.
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The thing is, people want to use Binance like the little tiger game hahaha
Good morning, when USD0 starts to be used for trading here at Binance, and if Europe starts to adopt USD0 instead of USDT, you will see the true value of USUAL.
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Lots of people talking bad about $USUAL. Have you opened the 1week chart? Every crypto chart I know has a waveform! That's all I'm going to say. ๐คฏ
$USUAL Guys, the usual thing is going to insert tokens up to 494 million, that's talking about total circulation! And after completing this, will it continue inserting or will it stay at least 1 year without injecting more tokens into the market? Does anyone know?
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Most likely, this will be the way they will earn more. Just don't ask me what strategy this is, lol.
$USUAL รฉ impressionante como este pessoal trabalha, nรฃo sei se รฉ excesso de confianรงa ou o projeto รฉ extremamente bom, mais รฉ mais do que visรญvel de que quando a moeda esta para cair um pouco mais eles aumentam o fornecimento mรกximo injetando mais moeda no mercado segurando assim o valor, mais fica a pergunta, porque? nรฃo seria mais confiรกvel para todos investidores deixar a onda levar esta prancha? Estava confiante neste projeto mais comeรงou a me deixar pensativo.