Virtual Analysis

Daily Level: The previous low point at 0.417 on April 9, the market is still in a downward trend, on October 10, there was market volatility with ancient whale wallet activity, the market spiked down to 0.284, after a sharp drop rebound, the market continues to explore lower levels, with a 90% probability of touching the bottom near 0.417 again.

Recent Situation: Daily level from November 2 to December 2, the market has been in a downward exploration, analyzing the secondary level market position and trends.

Market Breakdown from November 2 to December 2

The overall wave at the daily level forms a five-wave downward pattern, from November 28 to December 3 is the final phase of the decline, the market is near the starting point of a trend reversal;

According to the theory of wave analysis, find the divergence segment in the last downward wave, and look for signals at a smaller 4H level. From the perspective of the overall 4H level, divergence has already appeared.

According to the five-wave downward rule, the drop of the first wave is -37.8%, the drop of the third wave is -46.18%, the drop of the fifth wave does not exceed -37%, at the level of 0.646;

At the 1H level, again capturing the divergence segment, looking for entry positions.

According to the principles of divergence in wave theory, the estimated position is around 0.78, the hourly level declines are -11.83%: -15.74%: -10%;

Cross-validation with the 4H level line: The bottom area has already appeared, roughly in the range of (0.76-0.646), not excluding the project party, spike and wash behavior, with a support level below at 0.417;

Opening position near 0.7, bullish in the long term.