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#MOVR IS THIS THE START OF A HIGH MOMENTUM BREAKOUT? If you're looking for an in-depth analysis of MOVR, you're in the right place. Here's why. MOVR made a remarkably high market movement of more than 92% within just a span of weeks. There are speculations that a possible breakout might happen with highest chance of breaking its major resistance at 32-44, although, here's what we've found out. As this token have experienced a high momentum bullish movement, we've also concluded that this could possibly be a short-lived price action as there are not a lot of basis for this movement. First, we've verified that there are currently no news regarding any projects, rebranding, etc. for MOVR. There are also not that many people talking about MOVR before this high bullish movement happened. Second, a lot of resistances has to be broken through before a confirmed breakout can happen which means greater buying pressure must be ensued in order to confirm further rally. As we've checked, the minor resistances are keeping the rally from its continuation and the reality would be, it would need to reach one of its bottom before it can have another price surge towards the higher key levels of 50, 100, 150 and more. Lastly, although the data suggests these prerequisites exist, we can still safely assume that what we're expecting can be invalidated once more unpredictable data will be presented with MOVR's market economy. Thus, it's wiser to move with every price action rather than to continue expecting a higher rally. Stay wise, trade cautiously.
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#XRP: STILL STRUGGLING TO BREAKTHROUGH? THIS PRICE ACTION IS 98.89% POSSIBLE If you're looking for an in-depth analysis of XRP, then, you're in the right place. Here why. As we've verified the existence of major selloffs at every key level of XRP 0.5, 0.6, 0.7, 0.8 and so on. More and more rejections happen although the support is becoming sturdier as well. Since XRP has been consolidating for more than 2 years already, we can expect a high anticipated movement soon. Albeit, since almost everyone is anticipating a highly impacting movement, it's safe to assume that there are still possibilities of an opposite expectation to be fulfilled. Let me give you an example. There is a tendency for XRP to have a high price surge, yes that's highly possible but most likely, there will still be both long and short squeezes that will eventually trap traders who aren't doing HODL's, those who are doing high leveraged trades (10x above), especially those who don't set their stop losses. Right after, once the market settles the traps and enough liquidity will be present causing the price to have more gas to use for high price surges. You can always use your critical thinking in order to check every possible scenario that could happen. Stay wise, trade cautiously.
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#ALGO: WHY DO WE USE HARMONICS AND FIBO AT THE SAME TIME? If you're here to learn the basics of harmonics and Fibonacci sequence, then, you're in the right place. Here's why. We've used these 2 trading indicators hand in hand, as well as our identification of the previous resistances that were made as a newly established support and as well as the next resistance of ALGO. The reason being, is by the fact that we've to identify the possible retracements key levels of ALGO right after it has already broken through its previous minor resistance. As its highly probable that this token will be able to reach even higher than the previous price it had. Taking into consideration that this token has already created a long impulsive wave for its decline, making it most probable that this will be fulfilled as imbalances are present in the market. As Fibonacci identifies the possible retracements, the combination of harmonics will help in identifying the reversal points at the end of the harmonic pattern. Most of the time, we use this in a manner where we anticipate a possible harmonic pattern forming to coincide with the Fibonacci sequence and there are times when we identify the reversal points to better prepare the possible next price action. Stay wise, trade cautiously.
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#BTC: PRICE ACTION AFTER ALMOST 2 WEEKS OF CONSOLIDATING If you're looking for an in-depth analysis of BTC's price action, then, you're in the right place. Here's why. As we've anticipated the exact same scenario currently playing out as BTC's price action, we're now more aware of the probabilities right after this action plan. Since August 8, 2024, BTC's minor resistance has been tested sitting at 61K-62.5K. More attempts of testing out the minor resistances, means a possibility of weakening these resistances and thus, possibly leading to BTC revisiting the key levels 64K above. The 62K minor resistance is most likely going to be broken and more rejections await on top of it. Albeit, this just means that the market sentiment can't really be underestimated as these recent movements of BTC just prove how important it is to identify how strong the market sentiment is. Once the action plan has been confirmed to be a breaking of the minor resistances, we can now fully anticipate on the next course of action to take. As such kinds of traders as we are, we will patiently wait for the opportunities that will be presented in the market. If BTC stays on top of 60.5K-61K and not immediately breakdown just like the previous tests of resistances, then, it would be safest to assume that more demands will enter the market. Stay wise, trade cautiously.
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#REN: HOW HIGH COULD THIS TOKEN GO? If you're looking for an in-depth analysis of REN, then you're in the right place. Here's why. As REN continues to trade at its bottom which was already hit twice since 2023 until this year which has proven that this token has no intentions of breaking down totally as the highest sell off already happened last April 2021. This selloff was so impactful that it even created a long bearish wick and immediately went back to its previous price before the impulsive wick happened. In identifying these factors, we've come up to a conclusion that REN will be one of those tokens that will potentially hold its major supports and continue to shine amidst any scenario that could happen in the crypto space. With this, we can fully provide the fact that this token have one of the greatest long term prospects.Stay wise, trade cautiously.
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