Price is dealing with a massive Wyckoff pattern on higher timeframes and as you CAN see, we are still playing within Sign of Strength (SOS) phase.
🕯 Outlook
As price has not even moved too far away from the previous high yet, try not to get trapped into FOMO behavior because SOS is not over and pullbacks can still be nice opportunities.
⚠️ Key Level
Major legs usually move like swings. So a pullback to a strong technical zone will come sooner or later. But this does not mean we should start opening short positions without triggers. It means market will give us another chance for adding #ZEC to our bags if we are patient.
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#Silver seems to have finished wave (F) on top after almost reaching Level 2 of our previous bullish analysis and is on its way to finish wave (G) of our diametric pattern.
🕯 Outlook
Wave (G) CAN consist of a possible (abc) correctional pattern where each leg CAN provide a scalping opportunity. However, the maing focus should be catching bearish leg (b to c).
⚠️ Key Level
First we need to see where wave (a) will finish which CAN be the highlighted gray zone. Depending on the retracing leg's momentum, end of wave (b) at highlighted zone is where selling activity will be focused. So apply proper risk for your scalping.
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With a strong bullish leg formed at the bottom of wave (E), there is a chance that the entire pattern has finished and we witness further bullish momentum to break above the highlighted gray zone.
🕯 Outlook
However, #BTC is still building a base below right the resistant zone so it's always better to wait for cheaper prices at pullback.
⚠️ Key Level
In order not to miss the coming bullish wave, highlighted blue circle is a nice reliable pullback area. Once this step finished, price may challenge the higher resitant zone to show us whether black or pink pattern will come next.
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We got another AMD (Accumulation, Manipulation & Distribution) pattern with the manipulation pattern just about to finish.
🕯 Outlook
Once price breaks free from the manipulation phase, the distribution phase CAN provide us with nice scalping opportunities.
⚠️ Key Level
Current price level is suppressed by strong resistance: manipulation zone + descending trendline. The safest approach is to wait for price to breakout first and once MSB happens (Market Structure Break), only then jump onto distribution phase in pullback with proper risk.
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It seems #DASH is making another bullish attempt to reach higher levels and finish this Wyckoff pattern.
🕯 Outlook
Since price has already shown a minir Sign of Strenght (mSOS), this time, the chances for a successful Sign of Strength is higher.
⚠️ Key Level
Regardless of what price action may look like, as long as there hasn't been a successful breakout above the highlighted zone, the SOS is not activated.
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After a formidable growth, price entered an accumulation phase in lower timeframes and right now it's stuck in the manipulation phase to tire traders out before the distribution phase (AMD Pattern).
🕯 Outlook
Now the distribution phase will take price to even higher resistant levels in this timeframe only if price breaks free from the manipulation phase.
⚠️ Key Level
As the manipulation phase is expected to sweep off below the previous levels, you CAN either go with risky approach and try to DCA in this zone or wait for manipulation to finish first and then jump into distribution. Plan is Clear, as Risk is in your Hands.
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After a formidable growth since early this month, price finally started a correctional phase (a) which CAN be just the start of a bigger (abc) pattern.
🕯 Outlook
A short retracement move CAN give us a nice chance to prepare for the final wave of correction (c).
⚠️ Key Level
Highlighted resistant zone is where price should retrace but not break above and establish beyond it. Otherwise, pattern has failed.
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Seems price has broken out of a wedge with a strong move (a) but now has entered a ranging cool off wave (b).
🕯 Outlook
Wave (c) is what CAN actually challenge higher levels only if it CAN break above the strong resistant zone ahead of it.
⚠️ Key Level
Highlighted zone is where buyers need to hold the momentum, if wave (c) is about to kick start. So as long as price has not broken above the trendline and highlighted blue line, wave (c) is not confirmed yet.
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