$PI Wishing everyone a Happy New Year and success in the Year of the Horse🎉🎉🎉! The current market is still mainly consolidating, and the actual trend after the consolidation has already told us what to expect. The trend remains relatively strong; after the consolidation, the next target is $0.25. After the last large bullish candlestick on the daily chart, the pullback hasn't dropped much, and it's been about 3 days now. If it were to go down further, it would have done so already. As for the wave pattern, we need to wait until the previous wave completes to confirm the next wave. Currently, on the 1-hour chart, we're in Wave 4 of the rising Wave 5, and the pullback hasn't dropped into Wave 5's upward move, indicating a failed wave pattern. I also looked at the 2-hour wave pattern: Wave 1 on the 2-hour chart is from about 0.132 to 0.206, roughly 50% of the move. Now, the 2-hour chart is nearing the end of Wave 2. If Wave 3 moves upward next, the target is at least around $0.25. Patience and keep moving forward!
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WallStreetTrendResearch
· 9h ago
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The first image is a daily chart, and the second image is a 2-hour chart.
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WallStreetTrendResearch
· 8h ago
Another key factor is the change in volume. An increase in volume with a rise and a decrease in volume with a decline indicate a healthy trend. Breaking through $0.20699, the volume is approximately 14 million, while normal volume is around 3 million.
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GateUser-5e8beebf
· 8h ago
This candlestick technical analysis is relatively reliable.
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WallStreetTrendResearch
· 8h ago
Currently, as long as the weekly MACD crosses above the zero line, the structure will start to take off. Its Bollinger bands and moving average space are already very narrow. Of course, some people will say it could go down. If it does go down, then the daily level won't be as strong as it is now, using time to trade space. The Bollinger bands and moving average pattern on the daily level will need to adjust for a period of time.
$PI Wishing everyone a Happy New Year and success in the Year of the Horse🎉🎉🎉! The current market is still mainly consolidating, and the actual trend after the consolidation has already told us what to expect. The trend remains relatively strong; after the consolidation, the next target is $0.25. After the last large bullish candlestick on the daily chart, the pullback hasn't dropped much, and it's been about 3 days now. If it were to go down further, it would have done so already. As for the wave pattern, we need to wait until the previous wave completes to confirm the next wave. Currently, on the 1-hour chart, we're in Wave 4 of the rising Wave 5, and the pullback hasn't dropped into Wave 5's upward move, indicating a failed wave pattern. I also looked at the 2-hour wave pattern: Wave 1 on the 2-hour chart is from about 0.132 to 0.206, roughly 50% of the move. Now, the 2-hour chart is nearing the end of Wave 2. If Wave 3 moves upward next, the target is at least around $0.25. Patience and keep moving forward!