Folks, you can clearly see the bears' pressure at $JELLYJELLY 👀 the previous candlestick shows signs of this pressure, and the one currently forming reflects the same thing. Now we just need to wait for the end of the candlestick to take action.
The market operates on the basis of support and resistance, but for this to work, you need to learn how to interpret them. Many have already been assigned a meaning, and their influence on market movement depends on the context or the direction of the price.
Look at this image; the presence of reversal candlesticks is visible both for downward and upward movements. However, their impact on a bullish trend or correction is different if they were in the opposite direction.
Dude, check out the chart for $JCT a, the retracement is being blocked by the bears. Most likely, the price is gonna dip if we get another confirmation.
👀I wanted to hit the hay earlier, but when I saw this chart of $AIN , I was itching to stay up and keep an eye on it. I'll be monitoring it until tomorrow waiting for a signal.
It's been a few hours since the price has been holding in this range with no attempts to break through resistance or support, which means we're in a micro consolidation.
$BCH had massive liquidity for many days, but unfortunately hasn't entered a recovery state yet, and the structure shows buying weakness. The breakout was rejected, reflecting the presence of bears.
Reanalyzing $BTC ! The chart indicates a potential pump in the next few hours if this pattern holds; the candlesticks pushing it up reflect a strong presence of bulls.
Guys, check out $H , you can clearly see the strong bear pressure on the bulls. The bulls are still pushing the price up; just look at the candlesticks. But my prediction is that we'll see some shorting in the next few hours.