This Pattern Repeats With New Projects - How To Find The Perfect Entry Point?
Knowing this feature, you'll be able to find the perfect buying zones! Here are Top-5 examples of new projects that have come out recently and this pattern has worked:
An important note: Everything written here is purely my observation based on my experience and analysis of price behavior. Never follow other people's advice blindly, always do your own research. So now, I'll try to convey to you my view of the charts, let's get started! The first coin on my list - $APT
As you can see, the token dropped by 68% almost immediately after its launch after which there was rapid growth. In other words, the coin has hit a so-called bottom around 68% of the close of its first candles. Yes, we are looking at the higher timeframes now as they are more accurate. It's important to use candle bodies, shadows are not as important. The second one is $SUI
The situation here is similar - a 68% drop followed by a recovery. In both charts, the price bottom was literally in the same range, if we're using percentages. Okay, you all also know ARB
Nothing changes, after a local top, the price is going for a correction of about -60%. In all cases, we see a solid rise after the dip. Knowing this technique, you can do well in the market if you implement it into your strategy. The next coin is SEI
Look at this chart! This pattern bears a striking resemblance to past examples. I'd also like to emphasize a rather old coin - UNI
The price made a 65% drop and quickly bounced back, which can still be attributed to the series of the same model. A little bonus:
ID dropped by 80%. Yes, a little more than usual but you just look at the growth that happened after! And now a final, rhetorical question: Will $NOT repeat this pattern?
I know that there is not much information and it is too early to say. But I dare to suggest this option, maybe it will be a better buying zone. Let's summarize: The “-60% pattern” should not be overlooked It's important to use candle bodies Key values are 55%-65% or so Using higher timeframes (1D, 1W) I've given you new ground to ponder. I hope you found my observations useful and you gain profit from this information in the future. Thank you for reading!
Do you really think that $ETH won't grow up to the ATH? However, the fact remains that World Liberty Fi continues to accumulate Ethereum in its portfolio.
Trump's family knows what they're doing. They keep buying and buying and even staking their coins.
If you look at the chart, you will realize one important thing: Ethereum has not yet reached its ATH in this cycle.
So for any drawdown, I will accumulate this asset in my portfolio, especially as the big people are doing it.
The market has fallen more than during COVID and FTX!
In the last 24 hours, 734,773 traders liquidated $2.29 billion. The main liquidations were longs - $1.90 billion. The most liquidations were on $ETH - $473 million, and $BTC - $381 million.
The CryptoQuant CEO said that in a few months, we will miss the moment when BTC was below $100,000, meaning he believes in a recovery soon.
Meanwhile, the level of fear and greed is now at 44 - people are afraid to do something.
$SOL has broken the resistance line and is heading upwards!
A big confident green candle closed well.
A triangle has also formed, the potential of which is at the level of 230 area.
It would be good to see a retest soon to confirm the rise, but if the strength of the move is large, the price may reach that level without confirmation.
This symbolizes an extremely positive mood for the entire ecosystem.
Firstly, it's the chart - the coin has dropped by 90% from its ATH.
A corridor has been formed where volumes are increasing now.
It is a bullish factor and there are divergences on the daily chart.
Secondly, XAI is a project from the Arbitrum team.
Thirdly, XAI at one time also poured well to those who held their node - their validators directly got a dozen Xs, and probably they were the ones who shed the price.
Now, spot-buying looks very attractive from the point of view of both technical analysis and fundamental analysis.
The project is being built by an experienced team with already existing experience.
You can see how the price has reached the 0.0006 zone, which is equivalent to a -60% decline from the initial values.
This is the area where I am buying this coin because of my previously described “-60% pattern”.
It is also worth noticing the lower downtrend line, which the price has touched.
Of course, there are no signs of trend reversal yet, but here it makes sense to pick up a coin for medium or long term.
I believe we are at or near the bottom, now I would like to see a rise.
But not immediately, consolidation in this range is possible, most likely the big players will pick up within these values, stuffing their bags before rising.