COLLECT FREE USDT NOW🎁🎁🎁🔥🔥🔥 1-PRICE TREND: A clear downtrend is dominating this chart. Several red moving averages (EMAs) are sloping downward and acting as resistance, highlighting bearish momentum.
2-CONSOLIDATION ZONE : The purple rectangle highlights a potential accumulation zone, where price appears to be bouncing between support (red line) and resistance
3-DECREASING VOLUME TREND: Generally, the volume histogram shows a decreasing trend as the price falls, which is a typical characteristic of a bear market.
4-SPIKES ON DOWN MOVES: Noticeable volume spikes occur on several of the larger downward moves, particularly near the start of August, which is indicative of selling pressure.
5-Short Selling: Traders could consider short selling opportunities as price breaks below support levels, with confirmation from volume and momentum indicators.
i am predicting that the bearish trend will continue 🐻🐻🐻
#MyFirstSquarePost Hello, Binance Square! 1-EMA Confirmation: The EMAs are now aligned bullishly, further confirming the strength of the move. 2-Volume: The increasing volume on the breakout is a positive sign, suggesting strong buying participation. 3-Fibonacci Retracement Levels: The 0.5 and 0.618 Fibonacci retracement levels (around 0.010656 and 0.010453) act as support. 4-The breakout from the channel could be interpreted as a Spring (shakeout) within a larger accumulation pattern 》I am prodecting a continuation in the bullish trend🐮🐮🐮