$ETH The graphic patterns offer a window into the collective psychology of the market and can be valuable tools for anticipating price movements. However, they are not infallible and work best when combined with other forms of analysis. Understanding why prices follow graphic patterns, based on human psychology, mass behavior, and market dynamics, is as important as recognizing the patterns themselves.
The Graph continues to be essential infrastructure for the Web3 ecosystem, processing billions of monthly queries for DeFi and NFT applications, it makes sense to me.
It suggests that Ethereum is becoming scarcer due to structural factors (such as token burning and staking), while demand grows, creating a scenario of relative scarcity that could push the price upward.
$ENA It's exactly that time that everyone says is trash and is discredited. I am buying! "I don't care" if it drops, I'll average down until the end, it will come back one day. And you, what is your perspective for $ENA ??
$PENDLE "Buy when no one wants to buy and sell when everyone wants to buy" is one of the most famous maxims in the financial market, and all that's left is to monitor and wait. -Price testing the support of 2.00 dollars. -LTB very close to the price, waiting for another test or a clear break with trading volume. -Accumulation maintaining levels, even after a strong fall. It's either that or we'll hibernate for a long time.
Speaking seriously now, a tip from someone with over 5,000 hours of screen time, without any manipulation nonsense, news, and the devil in the details. The clearest chart timeframe for short and medium-term operations is the 3-day candle; make it a habit to analyze the closing every 3 days. For my journey, it was the game-changer; maybe it won't be for you, as each person has a different perception. Well, I will list 4 points regarding the 3-day chart timeframe...
1- Noise Reduction: The 3-day chart helps reduce market noise by filtering out short-term price fluctuations that can distract or confuse analysis. This allows for a clearer view of the main trends.
2- Trend Identification: It facilitates the identification of medium-term trends.
3- Support and Resistance: Support and resistance levels can be more clearly identified on a 3-day chart, as it aggregates more data at each point on the chart, highlighting key areas of interest.
4- Less Stress: For traders who do not want to monitor the market daily, the 3-day chart offers a calmer view, allowing for more thoughtful decisions without the pressure of daily fluctuations.
$GRT I lost all the high volatility of 2020/2021, after a drop with the same intensity, I followed a descending wedge from May 2022 to January 2023, I bought on the breakout and aimed for 200% to take profits, the same movement occurred from February to October 2023, I bought on the breakout and aimed for another 200%, this time the market delivered 400%, but that's how it works, I followed the same movement (descending wedge) again from March to September 2024 and realized a 100%, and guess what movement the price is making now?? it's the blessed descending wedge, will it be good again???