As July's market unfolds, seize the opportunity to position yourself
Daily level;
1. Within the trend of moving averages, as the sideways stagnation pattern arrives, the market has entered its third peak. This week will certainly provide direction for this peak, raising the question of whether it can break through directly; if the breakthrough fails, the price will return to the range of oscillation and convergence, and in the future, we need to confirm the bottom against MA120;
2. In the movement of the Bollinger Bands, the continuous sideways movement over the past two weeks has forced the price to choose a method to complete the direction selection. As the upper and lower bands continue to narrow, the price will enter an extremely tight oscillation, with the apex position on July 10, and the extreme position likely within the 4th. Therefore, July 1-3 is the most likely turning point;
3. Within the volume range, as the major player has been in a sideways position for 6 days, the overall volume indicators have not changed significantly. Thus, we need to observe the volume trends from July 1-3 before making a judgment;
4. In the momentum range, RSI and MF! have been in continuous oscillation and sideways movement. Thus, the third peak is not a breakout pattern, but to confirm the head zone, it needs to break below the moving average. In this indecisive position, we can only wait for the major player to choose a direction; however, CCI has provided a clear direction. If there are no consecutive bullish days in this sideways movement, CCI remains in the oscillation range, so the price at the third peak will likely choose to test the bottom:
5. In terms of Ichimoku analysis, currently, the end cloud turning into a dark cloud informs us of the arrival of the stagnation pattern. The price will find it hard to make a direct upward attack without adjustments. Thus, if the breakthrough fails, this week needs to complete entering the bullish cloud to form a double top pattern rather than a direct drop: after July 6, the lower cloud layer will gradually rise, which may lead to a breakdown;
In summary: The daily market will not see much movement this week; it is necessary to establish an upward attack or triple top pattern this week, with the real trend set for after next week, July 6. Therefore, the daily choice will affect the weekly direction; the daily standing point is from July 1-3, let's wait and see:
It is better to enjoy together than alone; you reach out proactively, and I can pull you ashore!!
SUI TURMP BONK PEPE OM SOL PNUT
