CANDLESTICK FORMATION: PROVIDES 98.89% ACCURACY FOR TRADES
Here's the secret to candlesticks that will give you high chance of profitability.
Formulating possible candlestick formation before they form is essential to better understanding of the price action of a token. This provides a chance for a trader to further prepare for the possible scenario that can occur. In this way, a trader can have greater positions within the market. First step to doing the candlestick formation reading is, identify the key levels where most of the candlesticks cluster whether they are close to their support or the resistance. Next, understand the reason for this cluster formation as it's crucial to the anticipation of the candlesticks. Most reason for the formation are due to the demand increasing or supplies being loaded. Thus, once the candlesticks in every timeframe is formed for the day, you can identify the high and low price. Most of the candlesticks' formation in minutes or hours timeframe can have 2-3 bearish candlesticks and more bullish candlesticks if they're close to their support and vice versa if they're close to their resistance. As the candlesticks close, you can then formulate that since the bullish candlesticks has been consecutively formed, you can expect bearish candlestick/s to form in order to take the imbalances of the highs and lows of the daily trading range. This is just an example and you can keep on reviewing other candlestick formations within the same timeframe or varying timeframes.
Another day, another topic on dogs! You'll read the best one today!
Although we are still monitoring this support to see if it will adhere to one of our guidelines for identifying supports, $DOGS has set its new support at 0.00098. First of all, it should maintain the price even after many rejections, suggesting that buyer accumulation actions are still occurring in the area where support may be found. Second, no significant selloffs are occurring at the moment at the minor upward impulsive wave that bounces from the support, which can be used to determine the intents of sellers. This must be recognized to make sure that the support we see is not merely another ruse to trick prospective purchasers into purchasing a phony or flimsy pricing foundation. Next, confirming the general attitude toward dogs. The potential total worth of DOGS is still being hyped up by a lot of excited DOGS community members. We can confidently predict that more supports will be built in the zone we've indicated, or even lower it, as there are other initiatives being developed inside the economy of this coin. Last but not least, in addition to verifying that the support is being validated, the sentiment surrounding it is also being held steady. We also need to examine whether a new resistance could emerge in place of an existing one. For instance, if DOGS is turned down at 0.0012. Rather of establishing a support system, this could establish a new degree of resistance for DOGS.
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Stay wise, trade cautiously.