Forwarded from BehDark (VIP)
BehDark (VIP)
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BehDark (EN)
The drop finally occurred, and the price reached the second support zone that was mentioned, reacting to that area. We will update this analysis as we gather more data from the chart.
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BehDark (EN)
The price pumped after hitting the green box from the previous analysis. It has now reached a supply zone, which might trigger a correction down to 98k.
Letโs see how Bitcoin reacts to the red box.
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BehDark (EN)
In our latest analysis, we pointed out the bullish movement in Tether dominance and warned to be cautious | and eventually, that move played out.
The bullish movement in Tether dominance started from the point where we placed the green arrow on the chart. It appears to be an ABC pattern, and we are currently in wave C.
Now, after the drop, the price is approaching a support zone that could potentially push it back to higher levels, so we need to stay alert.
The bullish wave C could complete in one of the marked zones.
Letโs see what happens.
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After being rejected from the higher levels and losing the trigger line, Ethereum now appears to have pulled back into the range zone and the trigger line.
It is expected that the price will be rejected once again from the red zone to the downside, and then turn bullish again from one of the two green zones and move upward.
This is our current outlook on Ethereum. The analysis will be updated accordingly.
Keep in mind that taking short positions in these zones is not low-risk either!
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After losing the trendline and forming a bearish CH (Change of Character), the price is now pulling back into the supply zones. A rejection from the red zone toward the green zone could lead to a drop.
A candle close above the invalidation level would invalidate this analysis.
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The overall structure in UNI is bearish, considering the recent CH (Change of Character) observed in the swing.
The price is currently below the resistance line, and if it approaches the premium zone of the previous minor wave, we can look for sell/short positions based on UNIโs overall outlook. The zone where we are interested in entering a position is marked with a red circle.
The target can be the green box.
A daily candle close above the invalidation level would invalidate this analysis.
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BehDark (EN)
Inside the red zone from the previous analysis, there was also a SWAP zone that price reacted to. The pullback trendline has also been broken. After re-evaluating the chart, the best area for a potential re-entry is the $2,165 to $2,250 range.
A daily candle close above the invalidation level would invalidate this bearish scenario.
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BehDark (EN)
These days, Bitcoin's movement is mostly driven by liquidity hunting and is caught in complex and risky corrections.
The resistance zone currently in front of Bitcoin is marked in red. If the price is going to get rejected, it should happen from this zone. However, if this zone is broken and price stabilizes above it, Bitcoin could turn bullish again.
Considering today is Monday, volumes are still low, and the price is near a strong order block | you should be careful with your positions.
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BehDark (EN)
The market we are in now is called a nonsense market to attract liquidity
Tether dominance dropped without the recovery we expected. Now the trend line is lost and the supply range is formed on the chart. We expect a rejection to the downside from the red range
A daily candle close above the invalidation level will violate this analysis
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BehDark (EN)
In the previous analysis, we mentioned that the red zone marked on the chart could potentially be broken.
From the point where we placed the red arrow on the chart, Bitcoinโs diametric pattern has completed, and it has entered a corrective phase.
It now appears that we are in wave B of a running flat, and wave B could complete around the all-time high or slightly above it.
Letโs see whether this move will play out or not.
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