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Timechain Coder
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SCHWABO
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really a cool and simple guy with nice analysis and a helping mindset 🕊️
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$PEPE You can follow the explanations I wrote in my previous post, they are still valid. It rose to the red line but could not break, it remained as a retest of the decline as the current view. This level needs to be broken.
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$PNUT seems to have bounced from the OTE region in the correction of the big rise. It seems to have made a CHoCH in 4H and turned its direction upwards and if the double bottom formation works, the target is 0.98 but there is the 4H Supply Zone (the bottom red box) that it must overcome first. However, the old high in the Daily is very high (red line - 1.4037) and the start of the daily uptrend is not confirmed until the candle body closes above here. Again, there is another important region (the top red box) when it comes to this level. This region is the exact midpoint of the big rise and has worked as support many times before and had a bigger decline in its last break. Therefore, this region should be won with voluminous candles. Otherwise, it is expected to work as an important resistance before the new daily high.
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$BTC I see some people are asking what happened to $BTC. There is no difference from what I wrote two days ago. In the first stage, I indicated the level that it must stay above with a white dashed line for a reversal and said that it must break the red line for CHoCH (4H). Since it could not stay above the first level and make a new Higher High (HH), the direction is still downwards in the internal structure. Now the red line has been moved down to 99,540 for 4H. Nothing has changed for the day. The red box above is a 4H Supply Zone and it needs to break it and make a new ATH.
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