After BO DTL line, currently moving in stage 1 (4 stages market cycle) or accumulation phase (Wyckoff theory).
As a swing trader, we shouldn’t trade on this stage, as we don’t know when it will change to stage 2 and moving up.
The only confirmation for stage 2 is when it breaks the resistance of ‘box’, and 200ema cloud is below the price.
#dyor #tayor
FTM (15 min) for short Fantom / TetherUS BINANCE:FTMUSDT alijafarisepak10 Short ; 1.2862 TP1: 1.2535 TP2: 1.2013 TP3: 1.1600 TP4: 1.1400 TP5: 1.0900 TP6 : 1.0380 Stop : 1.3542
ONT brekkout Ontology / TetherUS BINANCE:ONTUSDT Ale_IT ONT on a long-term chart can be seen in a descending channel , where the middle line has worked well as resistance and support. The yellow trendline has […]
Bitcoin: $48,234 Bitcoin / U.S. dollar BITSTAMP:BTCUSD TehranCrypto BTCUSD This pattern confirms as a valid one if the price closes above the resistance line.