As you can clearly see the B Bands have tightened. Price action has already hit the upper band resistance as it is supposed to and support of the center band was previously confirmed. Price action is headed toward the center B Bands where it will likely confirm support again and break out. This sums up the accumulation phase on the weekly chart. Sorry to those of you who are staring at the 4 hour, that cannot be done on assets like this. We are only concerned with the big picture which is that this Asset pumped all the way up to the top of the B Bands and retreated. This is unavoidable even for Bitcoin. Understandably VARA is going to pull back more and more often, this is why swing trading the asset is such a joy. All I can tell you is small moves on the lower time frames are technical pointers but are in no way the direction of this coin. I mentioned previously that this weeks candle would likely be red and when I said that it did not mean the price is going up, it means exactly what it says, a downward move.
BINANCE:MLNUSDT has observed an impressive 330% increase in volume, indicating a notable rise in market activity. Despite this surge, buyers have not yet stepped into the market, which makes the current price movement uncertain. ? Key Approach: I will closely watch the price as it approaches the blue box zone. This area will serve as a critical level for potential reactions. On the lower time frames, I will look to evaluate and confirm any upward breakouts that may signal buyer momentum. ? Why This Zone Is Important: Volume increases without buyer activity can hint at accumulation or indecision in the market. The blue box zone will be my point of focus to assess whether buyers enter the market and push the price upward. Patience and confirmation are essential. I will prioritize stable breakouts supported by volume to avoid false signals and ensure higher probability trades. Updates will follow as the price action unfolds! I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis ? DOGEUSDT.P: Next Move ? RENDERUSDT.P: Opportunity of the Month ? ETHUSDT.P: Where to Retrace ? BNBUSDT.P: Potential Surge ? BTC Dominance: Reaction Zone ? WAVESUSDT.P: Demand Zone Potential ? UNIUSDT.P: Long-Term Trade ? XRPUSDT.P: Entry Zones ? LINKUSDT.P: Follow The River ? BTCUSDT.P: Two Key Demand Zones ? POLUSDT: Bullish Momentum ? PENDLEUSDT.P: Where Opportunity Meets Precision ? BTCUSDT.P: Liquidation of Highly Leveraged Longs ? SOLUSDT.P: SOL's Dip - Your Opportunity ? 1000PEPEUSDT.P: Prime Bounce Zone Unlocked ? ETHUSDT.P: Set to Explode - Don't Miss This Game Changer ? IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One ? STMXUSDT: 2 Buying Areas ? TURBOUSDT: Buy Zones and Buyer Presence ? ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results ? IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB ? USUALUSDT: Buyers Are Active
This analysis is based on candle patterns combined with signals from a custom indicator to identify potential trade opportunities.
Bitcoin continues to make higher highs. Let’s see how long it’ll take us to get us to 125K
This analysis is based on candle patterns combined with signals from a custom indicator to identify potential trade opportunities.
RUNEUSDT: Volume Surge Without Buyer Confirmation RUNEUSDT has recorded a 151% increase in volume, signaling heightened market activity. However, buyers have yet to step into the market decisively, which leaves the current movement uncertain. ? Key Strategy: I will carefully monitor the price as it approaches the blue box zone. This area will act as a potential demand zone where reactions might occur. If upward breakouts emerge on the lower time frames, I will look to evaluate and confirm potential entry points. ? Why This Matters: Volume surges without immediate buying can indicate accumulation or pending reactions. The blue box zone becomes crucial for observing buyer strength and momentum shifts. Patience is key here. I will focus on stable breakouts and volume-supported moves to avoid false signals. Updates to follow as the price develops! I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis ? DOGEUSDT.P: Next Move ? RENDERUSDT.P: Opportunity of the Month ? ETHUSDT.P: Where to Retrace ? BNBUSDT.P: Potential Surge ? BTC Dominance: Reaction Zone ? WAVESUSDT.P: Demand Zone Potential ? UNIUSDT.P: Long-Term Trade ? XRPUSDT.P: Entry Zones ? LINKUSDT.P: Follow The River ? BTCUSDT.P: Two Key Demand Zones ? POLUSDT: Bullish Momentum ? PENDLEUSDT.P: Where Opportunity Meets Precision ? BTCUSDT.P: Liquidation of Highly Leveraged Longs ? SOLUSDT.P: SOL's Dip - Your Opportunity ? 1000PEPEUSDT.P: Prime Bounce Zone Unlocked ? ETHUSDT.P: Set to Explode - Don't Miss This Game Changer ? IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One ? STMXUSDT: 2 Buying Areas ? TURBOUSDT: Buy Zones and Buyer Presence ? ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results ? IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB ? USUALUSDT: Buyers Are Active
I am not perfect on explaining what is happening, but I am good in drawing my expectation. in this expectation, I think there is a signal for Divergence from the tops which indicate price will revert to hard down, so keep in mind, Selling short period is about to happen. and put in your mind, that the price sooner or later will come back to the main trend link ( the below white line) so, BTC will go back again to the $60,000 again, and maybe less, you need to know the game, they drop the price with one click by selling a huge amount of BTC on their network, that's how they control the market, by selling and buying their exist BTC, they will never lose, this Satoshi Nakamato organization are like the CASINO, the house always wins. ;)
Pure price action. Lows being made & support being broken ((ICC)) Price can push even lower to 2625.00 long term.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
It is not for the fainthearted trading this share currently, however, it is good to place things in perspective. Pre- US-election the share was trading around $ 250 and today we are after market $ 472 per share, which represents a move of 88% of the value before the election. For sure, the leader of the pack, is bright and a visionary and has achieved incredible things, and more so, it has shaped the EV space. Now coming down to earth, technically we are way overbought from short- to long-term, and technically trading way above KC and extremely wide BB as well. So, the choice is yours. Strategy SELL @ $ 460-480 and take profit at $ 390 for now.