altcoin update
This is a summary analysis of the overall market.
Point 1 - Created a clear distribution situation in altcoin through an h & s format. Initially, there was a hint that investors should withdraw from the market. This is clearly what I used to confirm before the crash in bitcoin as well.
Point 2 - This is the second place in the market cycle. Such a model is designed to provide a prelude to preparing for an impulsive breakdown that needs to be whitewashed after an impulsive wave is created in the market or after a particular distribution model. Alternatively, it can be assumed to be an accumulating / distribution condition. Whether this is accumulating or distribution can be verified only if the supply zone or the demand zone breaks down.
Point 3- This is made up of another technical model, the parallel channel model. That is, it is a range market that fluctuates within two clear fixed price ranges. You have to understand that the range market is a range of fluctuations in two fixed price ranges and in that we can make a proper decision about the market only if the high resistance or the lower support breaks down here. (This can be considered as a correction as there is a distribution model at the top. This indicates that the distribution model may be crashing. Therefore, this is not a suitable model for buying coin)
That is, you have to understand that if we break the demand zone I have mentioned here, we will have to face another big breakdown.
FxHiru
Point 1 - Created a clear distribution situation in altcoin through an h & s format. Initially, there was a hint that investors should withdraw from the market. This is clearly what I used to confirm before the crash in bitcoin as well.
Point 2 - This is the second place in the market cycle. Such a model is designed to provide a prelude to preparing for an impulsive breakdown that needs to be whitewashed after an impulsive wave is created in the market or after a particular distribution model. Alternatively, it can be assumed to be an accumulating / distribution condition. Whether this is accumulating or distribution can be verified only if the supply zone or the demand zone breaks down.
Point 3- This is made up of another technical model, the parallel channel model. That is, it is a range market that fluctuates within two clear fixed price ranges. You have to understand that the range market is a range of fluctuations in two fixed price ranges and in that we can make a proper decision about the market only if the high resistance or the lower support breaks down here. (This can be considered as a correction as there is a distribution model at the top. This indicates that the distribution model may be crashing. Therefore, this is not a suitable model for buying coin)
That is, you have to understand that if we break the demand zone I have mentioned here, we will have to face another big breakdown.
FxHiru
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