ALTERNATIVES THAT MAY HOLD IN VALUE FOR THE NEXT SEVERAL YEARS!
WHAT COULD IT MEANT THAT $UNFI CLOSED ABOVE THE MONTHLY LOW?
Due to UNFI's recent sharp decrease, many people are predicting that the token will crash right below its present significant support.
This is our main conclusion.
UNFI has a propensity to completely collapse, but these requirements must be fulfilled before it can be verified; otherwise, it may maintain this crucial level. First, the crucial thresholds of 3.5, 4.1, and 4.5 must be strongly rejected by UNFI. The imbalances above these crucial levels, just below 9.3, must then be resolved, and declining peaks will form, assuming these prices are not the UNFI rejection zones. Ultimately, the neckline at 2.12 would be broken down once one of these criteria was met, which would ultimately result in a lower UNFI value. We must anticipate a bounce and a rally if none of these conditions are satisfied.
JANUARY 2025 UPDATE (UNFI)
The neckline is waiting for UNFI's next move, and it hasn't broken any of its monthly lows. Gathering demands from traders who will observe the current situation unfolding with UNFI's strong grasp would be the next feasible step for UNFI. Thinking creatively, it is still possible for a long wick to trigger shakeouts of early longs near 0.816–1.460 before the UNFI total accumulation occurs, which would increase buyer pressure to initiate a significant rally.
$BOND UPDATE: THIS YEAR'S TOP SCALPING AND DAY TRADING TOKEN
At the moment, BOND is having difficulty rising over the 2.1–2.7 price level. It has already spent forty days in a fluctuating market structure. For scalpers and day traders looking to make a steady profit, this is a solid chance. Sell at 2.16-2.38 and buy at 1.49-1.95. The observation will undoubtedly pay off as we monitor this token because there will be a significant move following each range market.
This token has been in circulation for over 50 days. More traders are realizing that there is a fantastic chance to earn between this token's daily opening and close. In order to take advantage of the current market structure, more traders would join in as a result of the increased speculation.
2.8-3.6: THE NEW MAJOR KEY LEVELS FOR $NEAR HOLDING MAJOR SUPPORT
Given its positive market structure, NEAR is currently in its markup period from a long-term perspective. In order to further build a strong major support for the impending continuation of its rise, it is currently attempting to find higher lows. The crucial levels of 2.6 and 3.3 are evidently a significant support for the sentiment of demand. Examine this year's ATH, which has reached the 9 price point. This further suggests that buyers are trying to drive prices down to more than half of the previous all-time high of 22. We can reasonably anticipate increased pressure and intensity for a significant breakout as additional demands arise.
NEAR JANUARY 2025 update:
The significant resistance that was breached in December 2023 has already been maintained by NEAR. This demonstrates the presence of a recently formed support with customers intending to sustain the price increase. There shouldn't be any breakdowns on this recently formed support as long as the market remains optimistic. We do not, however, discount the likelihood of a retracement below the recently formed support level, which is located between 1.86 and 2.5. However, it's prudent to watch carefully to see how this token, for which everyone is cheering, will respond.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.