thanks for all those who tipped.
heres some general guidance on hw you can analyze the chart yourself:
1. Identify Timeframe and crypto :
Determine the timeframe of the chart, whether it's 1 hour, 4 hours, daily, etc.
Identify the cryptocurrency pair being represented (e.g., SOL/USDT, ETH/USD).
2. Assess Overall Trend:
Look for the dominant trend: Is it upward (bullish) or downward (bearish)?
Observe the sequence of higher highs and lower lows to determine the trend direction.
3. Analyze Candlestick Patterns:
Focus on prominent patterns like:
Bearish engulfing: Red candle completely engulfs the previous green candle, suggesting bearish momentum.
Head and shoulders: Head candle flanked by two smaller shoulder candles, potentially indicating a bearish reversal.
Bullish flags: Triangular pattern with horizontal support and resistance lines, suggesting a potential breakout upwards.
Look for repeated occurrences of specific patterns for stronger confirmation.
4. Consider Technical Indicators:
MACD: Analyze the position of the MACD line relative to the signal line and the zero line to understand momentum and potential trend changes.
RSI: Check if the RSI is above 70 (overbought) or below 30 (oversold) to gauge potential reversals.
Bollinger Bands: Observe if the price is trading within or outside the bands to assess volatility and potential breakouts.
5. know the Limitations:
market conditions can change rapidly.🤷🏼♂️