LIVETHE RED ANALYTIC
@the_red_analyst
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🔥🔥$XRP TECHNICAL ANALYSIS🔥🔥
🚀Everyone's hype coin is now become $XRP .
🚀So, retails traders are now commiting to buy XRP and praying the price to go up. Let's see if that tallys with the market makers decisions.
🚀So, the market dipped below the demand area and got rejected.
🚀But the volume is on average to low side. This can either match with the price action because there was no strong down trend to begi with.So, the effort needed to stop the downward move is less.
🚀But after rejection, the follow up price action is less forming a doji candle. The volume is also on the very low side.
🚀So, this means that buyers are not yet commited to push the price up as everyone is expecting.
🚀There will be a rise in price of coin. But not as soon as everone is expecting. Just like everyone is hoping $BTC to fall but it is rising.
🚀So, most probably price will revisit the demand area or even go down beyond it to make retail traders sell their assests in fear of loosing their value even more or make new retails sellers trap in bad trades.
🚀If there are signs of strength apper, we can assume the price will just rise. So, there is still no such move to confirm the price will rise a lot.
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🚀Everyone's hype coin is now become $XRP .
🚀So, retails traders are now commiting to buy XRP and praying the price to go up. Let's see if that tallys with the market makers decisions.
🚀So, the market dipped below the demand area and got rejected.
🚀But the volume is on average to low side. This can either match with the price action because there was no strong down trend to begi with.So, the effort needed to stop the downward move is less.
🚀But after rejection, the follow up price action is less forming a doji candle. The volume is also on the very low side.
🚀So, this means that buyers are not yet commited to push the price up as everyone is expecting.
🚀There will be a rise in price of coin. But not as soon as everone is expecting. Just like everyone is hoping $BTC to fall but it is rising.
🚀So, most probably price will revisit the demand area or even go down beyond it to make retail traders sell their assests in fear of loosing their value even more or make new retails sellers trap in bad trades.
🚀If there are signs of strength apper, we can assume the price will just rise. So, there is still no such move to confirm the price will rise a lot.
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🔥🔥$BTC TECHNICAL ANALYSIS🔥🔥
🚀As I anayzed very correctly past few days, $BTC behaved exactly I predicted.
🚀The price went through the support level. All the Stoplosses were taken out, the retails buyers who entered the market thinking the price will go down even further jumped into sell trades, and now they are trapped praying to price to go down. finally, some sold their assests at a lower price in fear loosing more money.
🚀Now, the price is reveresed. So, people who understood this strategy just held on to their assets or entered into buying positions wisely.
🚀Now the price is back in the support zone. Yesterday's candle is is a long bullish candle but look at the volume, it is on average side.
🚀So, the next stratergy will be to trap buyers right? Yes, most probably the price will retrace back a bit to repeat the same cycle they did earliar. Or the price will climb up to SNR level above and get rejected.
🚀But if the smart money is commited to push pirce down for a correction, they will push price to 71000USD and takeout all the stoplosses and trap buyers.
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🚀As I anayzed very correctly past few days, $BTC behaved exactly I predicted.
🚀The price went through the support level. All the Stoplosses were taken out, the retails buyers who entered the market thinking the price will go down even further jumped into sell trades, and now they are trapped praying to price to go down. finally, some sold their assests at a lower price in fear loosing more money.
🚀Now, the price is reveresed. So, people who understood this strategy just held on to their assets or entered into buying positions wisely.
🚀Now the price is back in the support zone. Yesterday's candle is is a long bullish candle but look at the volume, it is on average side.
🚀So, the next stratergy will be to trap buyers right? Yes, most probably the price will retrace back a bit to repeat the same cycle they did earliar. Or the price will climb up to SNR level above and get rejected.
🚀But if the smart money is commited to push pirce down for a correction, they will push price to 71000USD and takeout all the stoplosses and trap buyers.
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#MarketSentimentToday
🔥🔥$BTC TECHNICAL ANALYSIS🔥🔥
✅After passsing through the Support level yesterday, there was asurge of volume traded.
✅So, one of the major conclusion from yesterday's price action is,no the major players have marked the price down and managed to hit many stoplosses of retail traders and also, those who jumped into sell positions after seeing the price going down, are now trapped with their orders praying for prices to go down.
✅But, we can see that towards the end of the day, there has been rejection of the price to lower prices.
✅If we see the volume, it is very high;meaning that there is definitely a change of big numbers of coins between buyers and sellers.
✅So what now? It is highly possible that buyers entered the market and managed to absorb all the selling and even push the price up.
✅The next possibility is the 1st wave of the sellers are over and now the price will retrace back to the support level which can now act as a resistance area to take unfilled sell orders.
✅So, most probably the price has a possibility to rise.
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🔥🔥$BTC TECHNICAL ANALYSIS🔥🔥
✅After passsing through the Support level yesterday, there was asurge of volume traded.
✅So, one of the major conclusion from yesterday's price action is,no the major players have marked the price down and managed to hit many stoplosses of retail traders and also, those who jumped into sell positions after seeing the price going down, are now trapped with their orders praying for prices to go down.
✅But, we can see that towards the end of the day, there has been rejection of the price to lower prices.
✅If we see the volume, it is very high;meaning that there is definitely a change of big numbers of coins between buyers and sellers.
✅So what now? It is highly possible that buyers entered the market and managed to absorb all the selling and even push the price up.
✅The next possibility is the 1st wave of the sellers are over and now the price will retrace back to the support level which can now act as a resistance area to take unfilled sell orders.
✅So, most probably the price has a possibility to rise.
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🔥🔥$SOL TECHNICAL ANALYSIS🔥🔥
✅$SOL is behaving exactly I have predicted ealier. We can see that, the price is now in a support zone and yesterday price has marked significantly down and there is high volume to support this price action.
✅But today, that price action is not yet followed up.
✅If the sellers are committed to pass through this support level and push price even below, it should have done by now because, these zone are broken with clear statements by either sellers or buyers when they break a zone.
✅Eventhough today volume is rising but price is not moving according to volume is a divergence.
✅That means that there should be buyers entering the market and there can be buying into selling.
✅So, currently, all the selling is possibily being absorbed by the buyers.
✅But its too early to come to a conclution because there are no clear signs of strength yet shown in the market and seller may can overwhelm this buying and push price further down.
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✅$SOL is behaving exactly I have predicted ealier. We can see that, the price is now in a support zone and yesterday price has marked significantly down and there is high volume to support this price action.
✅But today, that price action is not yet followed up.
✅If the sellers are committed to pass through this support level and push price even below, it should have done by now because, these zone are broken with clear statements by either sellers or buyers when they break a zone.
✅Eventhough today volume is rising but price is not moving according to volume is a divergence.
✅That means that there should be buyers entering the market and there can be buying into selling.
✅So, currently, all the selling is possibily being absorbed by the buyers.
✅But its too early to come to a conclution because there are no clear signs of strength yet shown in the market and seller may can overwhelm this buying and push price further down.
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🔥🔥$PEPE TECHNICAL ANALYSIS🔥🔥
✅Aaaannddd The winners aree Sellersss !!??
✅I have previously mentioned in my posts that the price action is interesting in this area and its hard to conclude who will win..It liiks like, we are getting to see that who is the winner.
✅Eventhough $PEPE showed a rejection near the SNR level at the bottom of the supply level, we can see that with the current price action sellers are able to push the price down below the SNR level.
✅If, the close of today's candle is able to stay below the SNR line, it is confirmed that the seller have taken over.
✅If price manage to stay below the support level, that level can become a resistance level and with the supply level added on top of it, it will be a major sign for selling.
✅We can clearly see that there are a lot of trades happening as revealed by the increasing volume.
✅Either it can be sellers rallying up behind each other or, buyers are absorbing all the selling. The close of today's candle will help us to confirm it.
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✅Aaaannddd The winners aree Sellersss !!??
✅I have previously mentioned in my posts that the price action is interesting in this area and its hard to conclude who will win..It liiks like, we are getting to see that who is the winner.
✅Eventhough $PEPE showed a rejection near the SNR level at the bottom of the supply level, we can see that with the current price action sellers are able to push the price down below the SNR level.
✅If, the close of today's candle is able to stay below the SNR line, it is confirmed that the seller have taken over.
✅If price manage to stay below the support level, that level can become a resistance level and with the supply level added on top of it, it will be a major sign for selling.
✅We can clearly see that there are a lot of trades happening as revealed by the increasing volume.
✅Either it can be sellers rallying up behind each other or, buyers are absorbing all the selling. The close of today's candle will help us to confirm it.
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🔥🔥$BONK TECHNICAL ANALYSIS🔥🔥
✅With the background of previous price rejections to higher values, $BONK is coming down, and it looks like it is coming down fast.
✅We can see yesterday candle is a long bearish candle with higher volume suggesting that sellers are in control and are committed to push the price lower.
✅Now the prce has reached the SNR line below and it got rejected earlier. But now again, it has got engulfed meaning sellers were able to overwhelm the buyers.
✅If this price action continues, the price will fall below the SNR level and have a chance to drop even below.
✅If buyers enter the market and could absorb all the selling, we should see a 'Hammer' candle formation with higher volume suggesting if this price action.
✅So, its a waiting game for retail traders now.
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✅With the background of previous price rejections to higher values, $BONK is coming down, and it looks like it is coming down fast.
✅We can see yesterday candle is a long bearish candle with higher volume suggesting that sellers are in control and are committed to push the price lower.
✅Now the prce has reached the SNR line below and it got rejected earlier. But now again, it has got engulfed meaning sellers were able to overwhelm the buyers.
✅If this price action continues, the price will fall below the SNR level and have a chance to drop even below.
✅If buyers enter the market and could absorb all the selling, we should see a 'Hammer' candle formation with higher volume suggesting if this price action.
✅So, its a waiting game for retail traders now.
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🔥🔥$XRP TECHNICAL ANALYSIS🔥🔥
✅$XRP is currently in a demand zone and the past 2 candels have shown price rejections.But their value is less because, their volume is low.
✅This means that, there were only few trades happened and these cannot be reliable signals.
✅With this background, yesterday has shown increase in volume suggestive of increasing number of trades happening and the rise of interest in the coin.
✅Today, initially the price has gone down, but currently it has recovered. There is alos higher volume associated with this price action.
✅This can suugest that there mught be buyers who have entered the market and eventually the buyers will dominate the market.
✅But its feels like too soon to come to a conclusion as volume is still on low side.
✅So, better to have a keen eye on charts and look for opportunities.
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✅$XRP is currently in a demand zone and the past 2 candels have shown price rejections.But their value is less because, their volume is low.
✅This means that, there were only few trades happened and these cannot be reliable signals.
✅With this background, yesterday has shown increase in volume suggestive of increasing number of trades happening and the rise of interest in the coin.
✅Today, initially the price has gone down, but currently it has recovered. There is alos higher volume associated with this price action.
✅This can suugest that there mught be buyers who have entered the market and eventually the buyers will dominate the market.
✅But its feels like too soon to come to a conclusion as volume is still on low side.
✅So, better to have a keen eye on charts and look for opportunities.
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🔥🔥$BTC TECHNICAL ANALYSIS🔥🔥
✅So, it happened as I predicted...There is a huge mark down in the $BTC value and it has gone right through the support level.
✅This has 2 meanings. The first one is, as BTC was struggling to stay above 65000USD, we saw that there is not enough buying power left to overwhelm the sellers. So, sellers must have taken control of the market and pushed the price down. ✅This is very evident by the long bearish candles and their price action is validated by the volume.
✅The next one is, now only many retail traders who are hyped by this move are starting to enter selling positions. The major players in the market have already secured a lot of profit by now because they were planning this move, entered selling positions early and now their plan is completed.
✅So, while retail traders rally, the move by sellers is done. So, if you are expecting to jump into sell positions be careful.
✅If, the buyers are buying at this low price, there can be a rejection in the price. So, the close of the today's candle is very important.
✅If it managed to close below support level, there is a tendency that price may revisit the support level again to take unfilled orders before falling even further. Thats when retail traders should make their move.
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✅So, it happened as I predicted...There is a huge mark down in the $BTC value and it has gone right through the support level.
✅This has 2 meanings. The first one is, as BTC was struggling to stay above 65000USD, we saw that there is not enough buying power left to overwhelm the sellers. So, sellers must have taken control of the market and pushed the price down. ✅This is very evident by the long bearish candles and their price action is validated by the volume.
✅The next one is, now only many retail traders who are hyped by this move are starting to enter selling positions. The major players in the market have already secured a lot of profit by now because they were planning this move, entered selling positions early and now their plan is completed.
✅So, while retail traders rally, the move by sellers is done. So, if you are expecting to jump into sell positions be careful.
✅If, the buyers are buying at this low price, there can be a rejection in the price. So, the close of the today's candle is very important.
✅If it managed to close below support level, there is a tendency that price may revisit the support level again to take unfilled orders before falling even further. Thats when retail traders should make their move.
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🔥🔥TECHNICAL ANALYSIS $BTC 🔥🔥
✅So, as I have speculated in previous days, the low volume which the price entered into the support zone is revealing its next plans.
✅So, past few days price has reached the support zone and it was in low volume.
✅Which I propsoed that it can be either of 2 of following price actions.
✅One is, there are no active buyers which are willing to buy this price level and the sellers were doing tests of this level to check whether there are major buyers left in the area. So,the tests were successful and sellers are commited to push the pirce down.
✅The other one is, it can be intentional mark down of the prices to trap sellers in bad trades and hit stoplosses in small traders.
✅If the price pass through this support zone and manage to stay below it, we can conclude that sellers won.
✅If price get rejected and recovered above the support zone, we can conclude, it was a stratergy by market makers to trap sellers and hit stop losses.
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✅So, as I have speculated in previous days, the low volume which the price entered into the support zone is revealing its next plans.
✅So, past few days price has reached the support zone and it was in low volume.
✅Which I propsoed that it can be either of 2 of following price actions.
✅One is, there are no active buyers which are willing to buy this price level and the sellers were doing tests of this level to check whether there are major buyers left in the area. So,the tests were successful and sellers are commited to push the pirce down.
✅The other one is, it can be intentional mark down of the prices to trap sellers in bad trades and hit stoplosses in small traders.
✅If the price pass through this support zone and manage to stay below it, we can conclude that sellers won.
✅If price get rejected and recovered above the support zone, we can conclude, it was a stratergy by market makers to trap sellers and hit stop losses.
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TECHNICAL ANALYSIS : WIF
✅$WIF has got rejected from the upper SNR level as we can see by the candle with long upper wick and its price action is validated by the higher volume.
✅This suggest that the sellers were actively selling and buyers got overwhelmed by the sellers and sellers could dominated the market and push the price down.
✅So after that point there price is coming diwn andnow reaching the SNR line below.
✅When we look at the volume, we can see that the volume is on low side suggesting that sellers are looking if there are buyers near this area looking to absorb all the selling and push price back up. This is called 'testing'.
✅If these tests are succesful, which means there are no buyers interested the price will fall further more down from lower SNR level.
✅How ever, if there are buyers, the test will fail. But for now, there are no signs of strength which means if we are looking to buy, its not a good time.
✅And there can be aggressive movement of price to liquidate small traders' accounts.
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✅This suggest that the sellers were actively selling and buyers got overwhelmed by the sellers and sellers could dominated the market and push the price down.
✅So after that point there price is coming diwn andnow reaching the SNR line below.
✅When we look at the volume, we can see that the volume is on low side suggesting that sellers are looking if there are buyers near this area looking to absorb all the selling and push price back up. This is called 'testing'.
✅If these tests are succesful, which means there are no buyers interested the price will fall further more down from lower SNR level.
✅How ever, if there are buyers, the test will fail. But for now, there are no signs of strength which means if we are looking to buy, its not a good time.
✅And there can be aggressive movement of price to liquidate small traders' accounts.
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TECHNICAL ANALYSIS : XRP
✅$XRP is like the most hated currency in past month but, is it just me that the chart suggest that tehre can be a bull run.
✅Here me out. So, XRP value has been reducing after it got rejected near the SNR level.
✅When it was reaching there has been small candles with very low volume reaching this zone.
✅So, the sellers does not want to push the price down at once beyond the support area because there is a big chance that they may get overwhelmed by the buyers.
✅The sellers may have tested the support zone and today we can see that there is a high chance that those tests may fail because when the price reached the demand level, it has got rejected.
✅It means that the buyers have entered the market and did not allow sellers to push price down any further.
✅If today's candle managed to stay rejected, it can be a good sign of strength and good news for buyers lookiing to enter the market.
✅But there an be a steep mark down of the price to trap sellers in bad positions and also to hunt for stoplosses of small traders.
✅So, manage your risks.
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✅Here me out. So, XRP value has been reducing after it got rejected near the SNR level.
✅When it was reaching there has been small candles with very low volume reaching this zone.
✅So, the sellers does not want to push the price down at once beyond the support area because there is a big chance that they may get overwhelmed by the buyers.
✅The sellers may have tested the support zone and today we can see that there is a high chance that those tests may fail because when the price reached the demand level, it has got rejected.
✅It means that the buyers have entered the market and did not allow sellers to push price down any further.
✅If today's candle managed to stay rejected, it can be a good sign of strength and good news for buyers lookiing to enter the market.
✅But there an be a steep mark down of the price to trap sellers in bad positions and also to hunt for stoplosses of small traders.
✅So, manage your risks.
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TECHNICAL ANALYSIS : BONK
✅Eventhough $BONK has shown major bullish movements 4 days back, the price has got rejected from the SNR line above.
✅Then for the past several days, the price has been constantly below this SNR level.
✅Yesterday also we can see the cahrt has formed an 'inverted hammer' candle suggesting rejection to higher prices.
✅So, we can clearly see that sellers are dominant near the SNR line and buyers does not have enough buying pwer to overwhelm the sellers.
✅There is also reducting volume suggesting that there is lackk of interest in the makret at current price level.
✅So, there is a opportunity that the price will fall down to the SNR line below or even further down.
✅Because if there is less buying, and sellers are dominant above, the least resistant way for the price is to go down.
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✅Then for the past several days, the price has been constantly below this SNR level.
✅Yesterday also we can see the cahrt has formed an 'inverted hammer' candle suggesting rejection to higher prices.
✅So, we can clearly see that sellers are dominant near the SNR line and buyers does not have enough buying pwer to overwhelm the sellers.
✅There is also reducting volume suggesting that there is lackk of interest in the makret at current price level.
✅So, there is a opportunity that the price will fall down to the SNR line below or even further down.
✅Because if there is less buying, and sellers are dominant above, the least resistant way for the price is to go down.
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TECHNICAL ANALYSIS : SOL
✅$SOL has been on a down trend or a retracement in past few days and we can see that after reachiing the support zone below, there is a 'Hammer' candle formed suggesting that there must be buyers who entered the market and pushed the price up.
✅This price action is also validated by the average volume of the candle have.
✅But it is only one signal and there should be more signs of strength that should be there to predict that the price will climb up again.
✅After showing rejection, yesterday and today, the price is revisiting the support zone with low volume.
✅This can be interpreted in 2 ways. Either, this is a stratergy by buyers to mark the price down to accumilate more assets at a lower price than current price, or it can be the sellers who are testing the support zone to check whether there are buyers who are waiting the price to come to their level to initiate buying.
✅So, if you are looking to buy, this can be a good opportunity, but also keep in mind to manage risks.
✅Because, if there are no buyers, the sellers can push the price down beyond the support level.
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✅This price action is also validated by the average volume of the candle have.
✅But it is only one signal and there should be more signs of strength that should be there to predict that the price will climb up again.
✅After showing rejection, yesterday and today, the price is revisiting the support zone with low volume.
✅This can be interpreted in 2 ways. Either, this is a stratergy by buyers to mark the price down to accumilate more assets at a lower price than current price, or it can be the sellers who are testing the support zone to check whether there are buyers who are waiting the price to come to their level to initiate buying.
✅So, if you are looking to buy, this can be a good opportunity, but also keep in mind to manage risks.
✅Because, if there are no buyers, the sellers can push the price down beyond the support level.
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TECHNICAL ANALYSIS : PEPE
✅$PEPE is in this interesting zone and showing some interesting pirce action.
✅The price is currently in a supply zone and in the bottom of that zone there is a support line.
✅The price is bouncing in between the upper limit of the supply zone and support line.
✅We can clearly see that price has shown rejection to lower prices and we can see rejection to higher prices near the upper end of the supply zone.
✅So, PEPE is in a trading range and the price is consolidated.
✅This price action however is happening with low volume showing that there is less interest in major players in the market.
✅As more and more buying and selling orders accumilate beside this zone, there can be vigorous price movement to either side to take out all the stoplosses.
✅Better to keep and eye on the market and wait without jumping into trades as its very hard to predict who will dominate the market over the next few days.
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✅The price is currently in a supply zone and in the bottom of that zone there is a support line.
✅The price is bouncing in between the upper limit of the supply zone and support line.
✅We can clearly see that price has shown rejection to lower prices and we can see rejection to higher prices near the upper end of the supply zone.
✅So, PEPE is in a trading range and the price is consolidated.
✅This price action however is happening with low volume showing that there is less interest in major players in the market.
✅As more and more buying and selling orders accumilate beside this zone, there can be vigorous price movement to either side to take out all the stoplosses.
✅Better to keep and eye on the market and wait without jumping into trades as its very hard to predict who will dominate the market over the next few days.
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Technical Analysis : BTC
✅$BTC is currently in a support zone which has pushed pirce up in the past and the past few days the price is in this zone without much price action.
✅This is evident by the small candles and their small volume suggesting that either sellers are testing the zone for presence of active buyers or both sllers and buyers are lost interest in the market for the moment.
✅Today the volume of the trading is rising and there is rejection to the lower prices. If this price action is managed to continue, a 'Hammer' Candle will be formed and its action will be validated by the higher volume.
✅This could become a potential buy signal that buyers have entered the market and have abosrbed all the selling.
✅So there is a chance that price will rise up to the SNR line above or even beyond that.
✅But there also can be s steep mark down of the prices below the support level to hunt for stoplosses and to trap sellers in bad trades.
✅Most probably this will be a short term bull run if this happen because bitcoin halving is done at its time for correction.
✅So manage your risks if you are lokking to enter for trades.
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✅This is evident by the small candles and their small volume suggesting that either sellers are testing the zone for presence of active buyers or both sllers and buyers are lost interest in the market for the moment.
✅Today the volume of the trading is rising and there is rejection to the lower prices. If this price action is managed to continue, a 'Hammer' Candle will be formed and its action will be validated by the higher volume.
✅This could become a potential buy signal that buyers have entered the market and have abosrbed all the selling.
✅So there is a chance that price will rise up to the SNR line above or even beyond that.
✅But there also can be s steep mark down of the prices below the support level to hunt for stoplosses and to trap sellers in bad trades.
✅Most probably this will be a short term bull run if this happen because bitcoin halving is done at its time for correction.
✅So manage your risks if you are lokking to enter for trades.
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🔥🔥$WIF PREDICTION🔥🔥
✅$WIF has yesterday shown some resistance to lower price.
But ut has occured with low volume.
✅So, it is not a reliable signal that buyers are actively buying and price may reverse right away.
✅There is still chance that price will reach the SNR line below.
✅So if you hope to buy, better to wait for more signals.
✅Low volume also can suggest there is lack of interest in the market which further increase the possibility of price falling further.
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✅$WIF has yesterday shown some resistance to lower price.
But ut has occured with low volume.
✅So, it is not a reliable signal that buyers are actively buying and price may reverse right away.
✅There is still chance that price will reach the SNR line below.
✅So if you hope to buy, better to wait for more signals.
✅Low volume also can suggest there is lack of interest in the market which further increase the possibility of price falling further.
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🔥🔥$SOL PREDICTION🔥🔥
✅$SOL has reachethe support level below and we can see it has got rejected.
✅There is a hammer candle formed and its price action is validated by rising volume.
✅So, it suggests that there can be active buyers in this are which does not want sellers to drive price down this level.
✅Now, it means there is resistance down and the price must choose the least resistant wat, which is up.
✅This is however the only signal we have got so far. The sellers were commited to pish price down at the new resistance level whcoh was formed few days back.
✅So, its better to wait for some more signals suggesting that buyers are back in cotrol of the market before entering any trades.
✅If you are an aggressive trade, be my guset you can enter.
But remember to manage your risks.
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✅$SOL has reachethe support level below and we can see it has got rejected.
✅There is a hammer candle formed and its price action is validated by rising volume.
✅So, it suggests that there can be active buyers in this are which does not want sellers to drive price down this level.
✅Now, it means there is resistance down and the price must choose the least resistant wat, which is up.
✅This is however the only signal we have got so far. The sellers were commited to pish price down at the new resistance level whcoh was formed few days back.
✅So, its better to wait for some more signals suggesting that buyers are back in cotrol of the market before entering any trades.
✅If you are an aggressive trade, be my guset you can enter.
But remember to manage your risks.
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😇😇Tip if you find this information useful in your trading..helps me a lot..
🔥🔥$BONK PREDICTION🔥🔥
✅$BONK is trapped between 2 SNR lines and the price keeps bouncing in between.
✅We can clearly see BONK has touched the SNR line above and has got rejected several times.
✅So, this suggests that there is high resistance for the price in upward direction and sellers are strong.
✅Buyers need to accumilate more assests if they are planning to push through resistance.
✅So, there acn be a mark down of prices to the SNR level below, or may be even further down so buyers can buy BONK at minimum price possible and trap sellers in bad trades.
✅If there are how ever no buyers interested, there is a slight possibility that the price may just fall.
✅So, if you are hoping to buy, look for buyers activity, price rejections, volumes..
✅Manage your risks.
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✅$BONK is trapped between 2 SNR lines and the price keeps bouncing in between.
✅We can clearly see BONK has touched the SNR line above and has got rejected several times.
✅So, this suggests that there is high resistance for the price in upward direction and sellers are strong.
✅Buyers need to accumilate more assests if they are planning to push through resistance.
✅So, there acn be a mark down of prices to the SNR level below, or may be even further down so buyers can buy BONK at minimum price possible and trap sellers in bad trades.
✅If there are how ever no buyers interested, there is a slight possibility that the price may just fall.
✅So, if you are hoping to buy, look for buyers activity, price rejections, volumes..
✅Manage your risks.
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🔥🔥$XRP PREDICTION🔥🔥
✅Eventhough many hate this coin, as I have been telling for the past few days, $XRP has the potential for a bull run. Atleast for a short term.
✅We can now see main stream news is comming about this possibility.
✅After returning from the SNR line above, Now the price is near a demand zone and we dan see that the momentum of the downward trend has reduced and the price is starting to go sideways.
✅But there are no clear signs that buyers are committed to push the price up.
✅So, there can be a sharp mark down of the prices to take out stop losses and to trap sellers in bad trades.
✅So, look for signs of strength if you are hoping to buy.
But if the price keeps testing this level and no buyers are commited, the price will just fall..
✅Manage your risks.
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✅Eventhough many hate this coin, as I have been telling for the past few days, $XRP has the potential for a bull run. Atleast for a short term.
✅We can now see main stream news is comming about this possibility.
✅After returning from the SNR line above, Now the price is near a demand zone and we dan see that the momentum of the downward trend has reduced and the price is starting to go sideways.
✅But there are no clear signs that buyers are committed to push the price up.
✅So, there can be a sharp mark down of the prices to take out stop losses and to trap sellers in bad trades.
✅So, look for signs of strength if you are hoping to buy.
But if the price keeps testing this level and no buyers are commited, the price will just fall..
✅Manage your risks.
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Comment your thoughts..
😇😇Tip if you find this information useful..Helps me a lot
🔥🔥$PEPE PREDICTION🔥🔥
✅Just as I predicted, $PEPE hit the SNR line at he bottom of the supplyzone and got rejected.
✅It means there are buyerd interested in that area and that SNR line has the possibility to act as a support line.
✅But the statement by the buyers is bot yet powerful enough as we look at the volume, it is still in low side.
✅As the market is consolidated now, the price has a possibility to climb back to the SNR level above.
✅But the location whre this price action is ocuring is very unpredictable as I have been telling.
✅The price is in a supply area, but in the bottom of it, has a support line..
✅So, its indecisive who will win the battle, the buyers or the sellers.
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✅Just as I predicted, $PEPE hit the SNR line at he bottom of the supplyzone and got rejected.
✅It means there are buyerd interested in that area and that SNR line has the possibility to act as a support line.
✅But the statement by the buyers is bot yet powerful enough as we look at the volume, it is still in low side.
✅As the market is consolidated now, the price has a possibility to climb back to the SNR level above.
✅But the location whre this price action is ocuring is very unpredictable as I have been telling.
✅The price is in a supply area, but in the bottom of it, has a support line..
✅So, its indecisive who will win the battle, the buyers or the sellers.
Follow..Like..Share..
Comment your thoughts..
😇😇Tip if you find this information useful..Helps me a lot..
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