On the chart, there is a symmetrical triangle, price is compressing. There is a sideways movement, POC shows buyer interest above ⬆️ there may be a deviation with a breakout upwards.
⬇️But inside there is a bearish structure, and there is a BPR zone hanging below, which they might go to, to grab the liquidity that remains. The level 2.77 has been tested multiple times and has become vulnerable.
⚠️Globally, the trend is still down, there has been no break, but the price is often pushed towards resistance, which may hint at a possible breakout upwards.
Now observing 👀 If it breaks upwards, one can try to enter on the retest. If it breaks down, I am waiting for a reaction in the liquidity zone.
During the daily chart, the price tested the midpoint of the 3D BB and held the support zone. A descending wedge is forming, from which an upward breakout is possible.
On the 6h and 1h charts, accumulation of volumes can be seen within the wedge, and a local breakout upward is possible with Fibonacci targets: 🟥0.0327 - 0.5 on Fibonacci, 🟩0.0382 - 1.0 on Fibonacci
If the price holds above the wedge and the level of 0.0283, a long position can be considered with a short stop loss.
Cancellation of the scenario - a move below and a consolidation under the wedge.
During the week, clear lows are visible, possibly the price will go down again for liquidity 🐻 Currently, there is a sideways movement at the lower boundary. On the 2D chart, there was a structural break and a retest right at strong support ⚠️
Locally, the price is in a descending channel, while on the hourly chart, there is an ascending wedge and bearish divergence. There is a chance to go slightly higher, test the daily IMB and BPR where a PGIP may form.
If we break the channel upwards and hold, growth is possible ↗️ If there is a deviation, then we will go lower to collect liquidity in the FVG and OB zone.
Everything now depends on the reaction to the upper boundary of the channel ✔️ We are observing 👀
Globally, it is within a descending wedge. At the lower boundary of the wedge, an inverted Head and Shoulders has formed a 'cup' pattern. The price is currently moving in the 'neckline' zone of the cup, where an ascending wedge was broken, which may signal the beginning of the formation of the handle.
A pullback to the OB 5d zone or even lower to the Fibonacci levels is likely to complete the handle. A Bollinger Band has also formed on the daily chart, coinciding with an unclosed imbalance and a resistance level after the Head and Shoulders breakout. A potential local correction may follow, after which an increase is possible with targets above 35$ and further up to 48$ with a successful exit from the global wedge. 👀
🚨 Today, the U.S. Bureau of Labor Statistics will release the inflation data for April. Below are the forecasts and previous values for key inflation indicators:
#HBAR #review After a turbulent impulsive rise, we see that the price has corrected to the OTE zone according to FIBO
According to TA, we see 2 bullish signs of growth
⚡️Broken descending channel and Broken head and shoulders
We have 2 scenarios for development
📌Scenario 1 - we break through the OB on the 1D and the resistance zone immediately, and after testing, we go to the targets according to FIBO ~ 0.6
📌Scenario 2 - we immediately fail to break through the resistance zone and OB on the 1D, we pull back to test the head and shoulders neckline and the daily imbalance zone, and from there we go to our targets
I have 2% of the deposit in futures - purely for adrenaline. Everything else is in spot, because money likes calmness. Successful success without heart attacks and liquidations 👍🏻
It has only been 2.2 years since I bought Bitcoin, Ethereum, and Solana, sent them to a cold wallet - no fuss, no trading, just holding. Today my portfolio has grown by 600%: from 15000$ to more than 100000$ (it was even more at the peak, but that's not the point)
#S — yet another proof of how clearly the algorithm works 💥
Recently, the trading bot published a setup for the asset #S, in which:
🔹 Indicated the possibility of growth above 0.85 🔹 Warned of a possible correction to 0.40, where it recommended buying the asset on spot.
What did we get?
✅ Growth above 0.85 — clearly according to the scenario ✅ Correction exactly to the zone of 0.40 — the buying zone worked perfectly ✅ From there, the asset has already given about +40% net
📊 Such a result is not luck. It is an algorithm that sees the logic of the market and acts ahead of time.