HERE ARE THE ALTCOINS CLOSE TO AND BELOW THEIR MAJOR SUPPORT HAVE THE HIGHEST POTENTIAL!
ENTERED AT A CONFIRMED POINT OF BOUNCE FOR #UNI: SECURED 11.35% INCREASE
UNI has touched its yearly lows and right now it's holding the support level where we have found long opportunities. After its initial test of its support, we've entered to ensure a gain of 11.35% from the potential short-term supply-demand movement it will create. We still have other long orders awaiting from just below this current support. This is also our way of ensuring perfect spots instead of just blindly following the decline that has already happened and is nearing its end.
#CRV TRADES BELOW ITS YEARLY LOW: WHAT COULD THIS TELL US?
CRV has already went below its yearly low and many are anticipating a major move from this zone. Our key takeaways from observing and analyzing this type of market structure is the fact that the accumulation is currently in progress for this token. Buyers are testing the key level that it once held and may possibly continue to take another level of support for its major move. Right now, we're patiently observing this key level whether it would continue to test the previous major support or break and stay above it.
SERIES OF BEARISH CANDLESTICKS HAVE STOPPED FOR #CHZ: THE NEXT PRICE ACTION IS?
CHZ has been declining since last 2021's peak which is pretty normal considering how the market must maintain equilibrium state. In order to maintain its equilibrium, the selloffs have been presented and thus creating the long series of bearish candlesticks indicating a decline. Right now, as the decline is happening. Retracements are also in progress in the short-term market structure of CHZ. To ensure the market structure will have its point of reversal, many are testing out the price and accumulating bags on the current support which was the catalyst of the previous markup last 2021 at 0.0494, below the support at 0.0165 which was the previously broken major resistance and in-between these two. Once everything has been prepared, we will then observe and finalize our analysis of its best potential reversal zone.
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.
