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BehDark (EN)
In all our previous analyses, we had identified a key level for Tether dominance.
This key level has been lost, and there hasn't been a pullback to it yet. It seems that the candles intend to make a pullback to this level. Upon this pullback, we expect a rejection to the downside.
Let's see what happens.
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π΄sell/short signal #NILUSDT Entry range: 0.3308 Targets: 0.3106 _ 0.2897 Stop: 0.3513 Leverage: 2X _ 3X Balance: 6% of capital By #Jacob
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BehDark (EN)
Still Valid
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The price has finally reached our support zone, and we expect a recovery.
If the price stabilizes at the flip zone, we anticipate a move toward the supply box. However, if it gets rejected from the flip area, it could drop to a range lower than the green zone.
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BehDark (EN)
Meanwhile, the volume of short positions has increased significantly
In fact, if Bitcoin reaches $125,000, over \$5.6 billion worth of short positions will be liquidated
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BehDark (EN)
The previous analysis, which was for a higher timeframe, did not play out. The price bounced upward from higher support levels, which suggests that after the current sideways movement is over, we are likely to see another move to the downside in the coming weeks.
But what's happening on the lower timeframes? Let's take a closer look.
Based on the recent data, it appears that a triangle pattern is forming on the chart from the point where we placed the green arrow.
Wave C could complete either in the supply box or within the FVG zone.
With a drop in this index for wave D, altcoins may have a chance to recover.
However, if a daily candle closes above the invalidation level, this entire outlook will be invalidated.
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Ethereum approached the weekly trendline and experienced a correction. It seems likely that we may see one more push upward to create a false bullish sentiment on this coin. There is even a possibility of a fake breakout above the descending trendline. However, before any major move, a significant correction toward the green zone appears likely | after which the main bullish move is expected to occur.
On higher timeframes, this is currently our outlook on Ethereum.
A daily candle closing above or below the invalidation levels would negate the current buy or sell bias.
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BehDark (EN)
By consuming the identified support and without touching the invalidation level, the first target was hit and the price pumped over 28%
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Eventually, it moved from the green zone to the red zone and recorded a gain of over 84%.
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It dropped from the highlighted zone, which triggered a recovery in altcoins on the lower timeframes. Note that we examined this index on a lower timeframe, and a drop of over 1.72% is not a small move for this index at that level.
Now, as it reaches the green zone, we expect some candlestick reactions.
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After the downward trendline break and the formation of the main CH (Change of Character), we can look for buy/long positions around the key support zones.
A healthy time correction has also formed on the chart, and with price approaching the demand zone, we expect a strong reaction.
The support zone and target levels (TPs) are marked on the chart.
A daily candle close below the invalidation level will invalidate this analysis.
Entry range: 0.0580 _ 0.0528
Targets: 0.0793 _ 0.1004
Stop: 0.0452
Balance: 6% of capital
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BehDark (EN)
It was supported at the green zone as per previous analyses and reached the red zone, gaining more than 3%.
If the price consolidates at the red zone, the next target will be 120K to 123K.
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BehDark (EN)
There was a fake breakout from the Key Level, a move executed by the market maker to collect liquidity.
So far, from the identified supply zone, the candles have dropped more than 4.8%, which has led to a recovery in altcoins.
We will continue to update this analysis
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BehDark (EN)
Important zones have been lost; it is expected that when the price returns to the identified supply area, it will be rejected downward again.
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π’ Buy/Long Signal #SOLUSDT Entry range: 165.70 Targets: 175.82 _ 186.22 _ 195.94 Stop: 154.67 Levrage: 2X Balance: 6% of capital By #Jacob
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