IF YOU CAN SEE WHAT THE 0.99% SEES ON THIS CHART (CONGRATS!)
IF YOU CAN SEE WHAT THE 0.99% SEES ON THIS CHART (CONGRATS!) Are you the type of trader who reacts only to what he/she can see in the market? That's fine. Although, checking on possibilities and picturing them in your mind isn't bad as well. In fact, it'd be considered as a great perception. Gaining a skill such as being perceptive will surely give you the benefit you need in the crypto market. Here's why. As what you can see in the chart, the overall market structure for this token is exper
#QUICK RECENT MARKET STRUCTURE AFTER VALIDATING ITS CONSOLIDATION!
Many have went in to jump the sudden impulsive movement of QUICK which has caused several late longs trapped. The fact that this altcoin has continuously moved below its 2023 low. Shows how many are doing their panic selling and how the buyers are fending these off with several buy orders.
Now, the important question would be.
What's next for this altcoin?
It's simple to understand what's the price action of QUICK currently. Undergoing an accumulation phase in the crypto market only provides a simple idea of an altcoin preparing for a takeoff. Once the tests for its buying pressure are done, we can safely assume that another rally will happen for the markup phase.
#SUPER CONTINUES TO MOVE ON ITS SHORT-TERM RANGING MARKET STRUCTURE
Some individuals may regard ranging market structure as a chance to gather additional assets and pinpoint entry opportunities for significant buyer and seller levels. For aggressive traders, this period represents an opportunity to establish a favorable position, with the expectation of considerable market movement following the consolidation phase. In this context, we anticipate a continued retest of resistance for SUPER, which will contribute to a diverse market structure. Identifying the monthly lows and highs of an altcoin is a relatively simple endeavor. The price range observed has fluctuated between 1.21 and 1.40, a range that is now recognized as a newly established support level.
Following its retest of minor resistance, SHIB experienced a subsequent rejection. However, this rejection may still indicate the potential for establishing a support level. The observed decline of 2.63% is anticipated after each resistance test, particularly when the resistance remains intact. Nevertheless, it would be prudent to monitor the forthcoming price movements of this altcoin.
After FIDA retested its minor resistance it then got rejected. Although such rejection is still showing a potential of creating a support. This 7.56% drop is to be expected after every testing of a resistance especially when the resistance hasn't been weakened. Albeit, it would be wise to continue observing the next price action this altcoin would take.
#RLC CONTINUES TO MOVE IN A RANGING MARKET STRUCTURE SETUP
Ranging market structures are often perceived as a prolonged and tiresome waiting period. Nevertheless, some may interpret this as an opportunity to accumulate more assets and identify entry points for significant levels of buyers and sellers. Aggressive traders also see this as a chance to secure an optimal position, anticipating substantial market movement following the period of consolidation. In relation to this, we expect a persistent retest of resistance for RLC to continue happening, leading to a varied market structure. Identifying the monthly lows and highs of an altcoin is a straightforward task. The price range that it has moved to is from 1.381 to 1.895 which is a price range that continued to be considered as a newly established support. By recognizing these critical levels, one can execute trades that emphasize both profit maximization and capital preservation.
#MOVR EXPERIENCES A STRONG BUMP AT ITS RESISTANCE BUT THIS REMAINED TRUE...
MOVR was able to test its resistance at 14.55 but still a significant rise of 85.89% has been recorded. If this price remains accumulating on top of the minor resistances, additional signs of a possible breakout for this altcoin are expected to appear. Therefore, it is advisable to keep monitoring this altcoin and anticipate the next price movement.
#TOKEN EXPERIENCES SIGNIFICANT GROWTH AFTER TRADING ON ITS MINOR SUPPORT
A notable increase of 34.17% has been observed for TOKEN. Should the price sustain its position above the recently surpassed minor resistance levels, further indications of a potential breakout for this altcoin are likely to emerge. Hence, it would be best to continue observing this altcoin and await for the next price action.
AFTER #MOODENG EXPERIENCED CORRECTION IT STILL SHOWS SIGNS OF CONTINUATION
We have witnessed another strong increase of 62.96% for MOODENG. Once the price remains closely above the minor resistances that have been breached, more signs of this altcoin's possible breakout should show up.
#CATI CONTINUES TO TRADE IN BETWEEN ITS RANGING MARKET STRUCTURE BUT RIGHT NOW IT'S STAYING ON TOP: WHAT COULD BE THE NEXT PRICE ACTION?
For all traders, ranging market structures are frequently regarded as a protracted and exhausting wait. However, some might see this as a chance to keep gaining more bags and locate entries for important tiers of buyers and sellers. Extreme traders also view this as a chance to snipe an ideal position because there will be a significant market movement after the consolidation is over. Regarding CATI, we anticipate a continuous resistance retest. resulting in a market structure that is diverse. Finding an altcoin's monthly lows and highs is an easy effort. You can make trades that prioritize both profit-taking and fund safety if you can identify these crucial levels.
#AVAX BUYER CONFIDENCE AS IT STAYS ON TOP OF ITS NEWLY ESTABLISHED SUPPORT
A strong 22.17% increase has been showcased by AVAX, this could potentially mean that this altcoin will still continue to grow despite its recent corrections. Buyer trust in AVAX's potential for long-term growth has been demonstrated by the altcoin's steady holding of its recently created support level. As it gradually increases in value, it is anticipated to challenge resistance levels. Because this altcoin can adapt to changing market demands, there is still a lot of hope for its long-term future.
#BEAMX INCREASES BY 158.38% AFTER CONSOLIDATING ON ITS MAJOR SUPPORT
There have been several attempts of sellers on BEAMX to push down the prices although these have ultimately failed. After failing to swing lower, this has caused the price to reverse and have a steady increase. We have also witnessed this price to continue staying on top of its minor resistance. Indicating that this altcoin will still have another attempt at breaking any of the resistances on top of it.
#REN INCREASED BY 20.64% AFTER REBOUNDING ON ITS MINOR SUPPORT!
After learning that this altcoin has deliberately remained afloat on its recently formed support, buyers' realistic approach to REN has been met. This altcoin, which is now trading at 0.0422, will keep testing its resistances as it rises in value over time. We will continue to be hopeful about this altcoin's long-term potential as additional needs are met.
#ASTR INCREASES BY 46.01% AFTER REBOUNDING FROM ITS YEARLY LOW!
ASTR has retested its minor resistances after rebounding from its yearly low. This has caused more buyers to increase the buying pressure. After taking the minor resistances and establishing them as its new establish support. We can safely assume that this altcoin will still continue to increase after accumulating for so long.
#JUP CREATES A CORRECTIVE WAVE AFTER THE MAJOR IMPULSIVE WAVE! THIS PRICE ACTION COULD HAPPEN NEXT!
After getting rejected from its ATH, JUP has continued to create several waves on its market support. This has continued to pique the interests of several buyers. As the possibility of a breakout could happen after the corrective wave has formed. We will continue to patiently wait for confirmation once it closes above the resistances we've highlighted.
This altcoin is considered to be a highly anticipated project and a major one at that. The potential for this altcoin to continue its upward movement is high. After this altcoin retests its peak, we can safely conclude that the major resistance is getting weakened. Further indications of this altcoin's potential breakout should appear once the price stays closely on top of the broken minor resistances.
#SCR POTENTIAL PRICE ACTION IS JUST AROUND THE CORNER!
The potential for SCR to follow the highlighted retracement levels alongside the potential harmonic pattern showcased is high. This is due to the fact that the crypto market is still on its way to creating more bullish remarks for the buyers. With this knowledge, we can expect this altcoin to have more demands on these key levels.
#DEGEN SURGES WITH A 404.18% INCREASE AFTER GETTING LISTED ON SEVERAL EXCHANGES
There have been an increased amount of demands after the news of DEGEN getting listed on several exchanges. One of this exchange is Binance which most buyers have already prepared before it has took off. Right now, the potential for this altcoin to continue on its attempt to break the major resistance is still highly possible. Although, we're also looking for the possibility of a correction before this happens.
#ACH GETS REJECTED ON ITS MINOR RESISTANCE AFTER WEAKENING ATTEMPT
After testing minor resistance once again, ACH faced a subsequent rejection. Nonetheless, this rejection could suggest the possibility of forming a support level. Following this, we can still see the intentions of buyers to continue keeping the price afloat. The recorded decline of 4.07% is expected following each resistance test, especially when the resistance holds firm. The best way to create assumptions about this altcoin is to create two scenarios and weighing both scenarios on what could possibly happen the most rather than just thinking of one possibility on its current indecisive market structure.
A significant rise of 22.08% has been recorded for CTSI. If the price maintains its position above the recently exceeded minor resistance levels, additional signs of a possible breakout for this altcoin are expected to appear. Therefore, it is advisable to keep monitoring this altcoin and anticipate the forthcoming price movements.