#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.
#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.
#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.
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.