Come, let me explain to you the meaning of "Resistance" and "Support" Imagine that the price of the currency is like an elevator moving inside a building: 1. Resistance = the ceiling Every time the elevator goes up to a certain floor (high price), it finds the door closed and cannot go up any further, so it goes back down. This means: the price tried to go higher, but faced "Resistance" and went back down. 2. Support = the ground And if the elevator goes down, it reaches a certain floor (low price), it finds the ground strong, stopping it from going down, and it starts going up again. This means: the price fell, but found "Support" and rose again. Why is it important for me to know them? If you want to buy: buy at support (low price). And if you want to sell: sell at resistance (high price). And if the price breaks support or resistance? We might see strong movement (big rise or strong decline).
It's great that you've dived into the topic of time analysis! Let me explain simply: Time analysis in trading means that you focus not only on where the price is moving (the trend), but also when this movement might happen. In other words, you are trying to determine the perfect timing for entering or exiting based on time cycles or recurring time behavior. --- The most important concepts of time analysis: Timeframes: Like minute, 15 minutes, hourly, daily, weekly, monthly... Each timeframe reveals a different movement of the price. Market Time Cycles: Some analysts believe that the market moves in cycles (up and down) related to certain time periods. Time Patterns: For example: after a certain number of days or hours, a correction or breakout occurs. Gann Theory: This is a famous theory that relies on both time and price angles to determine market reversal points. Fibonacci Time Zones: Using Fibonacci ratios, but in a time-based manner to determine moments of reversal or acceleration. --- Why is time analysis important? Because you might have identified the trend correctly, but enter too early or too late and lose! Correct timing = higher success rate. --- A simple example: If you see that the price has broken a strong resistance, time analysis might tell you that waiting for the end of the current candle or the completion of a specific time cycle gives a more accurate opportunity to enter. ---
What is Binance Blockchain Week? Binance Blockchain Week is the main event among over 1,500 events organized by Binance annually around the world. This massive event represents a vital meeting point for exchanging ideas and collaboration among the leading minds in the crypto world, bringing together industry leaders and official bodies to discuss the future of Web3 and contribute to advancing this field.
Next week, several reasons come together to make it a week of great volatility, fire and sparks.
🔴 The market will witness a major liquidation and a big loss for futures owners. 🟢 First: In a press conference, President Trump will announce a package of new customs duties on a group of countries. 🟢 Second: Jerome Powell, Chairman of the US Federal Reserve, will make a statement on fiscal and monetary policy, followed by questions and inquiries before the Senate and then before the Congress. This will be on Tuesday and Wednesday. 🟢 Third: Very important economic data that will inevitably affect the market. 🟢 Wednesday Consumer Price Index 🟢 Thursday Unemployment and inflation complaints rate as well ❌️❌️ So the market will be like a volcano boiling and spewing lava. Be very careful #BNBChainMeme #BinanceAlphaAlert #BTCNextATH? #AICrashOrComeback
Ethereum (ETH) is currently trading at around $3,646.93. According to the weekly Ethereum Elliott Wave analysis, the price is expected to continue trading within the bearish corrective wave 4 during this week, which indicates a possible decline towards the $3,083.00 level. On the other hand, some technical analyses suggest that if the price manages to break the $4,200 level, we may witness a continued rise towards the $4,500-5,000 levels. Based on these analyses, the Ethereum price this week may range between a minimum of $3,083 and a maximum of $4,500, depending on the market movements and potential breaches of the mentioned technical levels. Please note that cryptocurrency markets are highly volatile, and predictions are uncertain. Therefore, it is always advisable to conduct your own research and consult experts before making any investment decisions. $ETH #BinanceMegadropSolv #BTC100KTrumpEffect #TrumpBTCBoomOrBust #AIAgentFrenzy #NonFarmPayrollsImpact $ETH