We anticipated the local bounce. But what’s next? Is the correction over and are we flying to the moon? 🚀
Let’s break everything down:
📊 Technical picture On the D and W timeframes, the price is still technically in a downward trend. However, on the monthly, we tested the bullish area of interest (POI).
Scenario until the New Year: "Santa Rally" 🎅 We are expecting news on the key Fed rate (December 10). With high probability, we will see a rate cut, which will provide fuel for the market and a dose of dopamine. 👉 The white scenario looks more preferable right now. This could keep prices steady until the clock strikes midnight.
But if the rate is not cut, we will follow the yellow scenario and this entire bounce will turn into a dead cat bounce😱
⚠️ BUT: This is a trap (Bull Trap) Don’t be fooled by the green candles. The growth we will see is likely just a ramp-up before a serious plunge. The Fed rate cut is merely a temporary "anesthesia".
The fundamental reason for the future crash has already been set in motion, and it is not in the USA.
🇯🇵 Japanese wick for a global bomb While the crowd watches Powell, the Bank of Japan (BoJ) may pull the trigger on December 19.
After the parabolic expansion (ROI >3000% over 6 months) the asset has entered a phase of seeking equilibrium. A classic Range (Sideways) has formed on the 1D time frame. The market is "cooling down," accumulating positions from participants.
📊 Analysis:
Structure: Price is constrained within a range. There are no signs of a trend reversal yet; we are working within the context of local consolidation.
🧲Liquidity (EQH): The upper boundary of the sideways range has formed an ideal liquidity pool in the form of Equal Highs. For Smart Money, this is a magnet - I expect manipulation (Sweep) before the true movement.
😒Privacy Narrative: Fundamentally, the sector of anonymous coins attracts volume against the backdrop of regulatory news, but the chart is primary.
🎯 Work Scenario:
Conservative: Waiting for a true breakout from the range with confirmation.
Internal Range: Working from the boundaries of the range only after confirming deviation.
Started the marathon: the goal is to increase 100$ to $1000. And in the first 24 hours, we already made +100% on the deposit. It was $100, now it's $200. Let's keep going according to the plan 😉
#HBAR #setup The price on the 4-hour chart removed a good liquidity pool, and after that, a local downward movement began to form 🔽 If we look even more locally after the removal of the highlighted swing, the price made a pre-break, and after it confirmed a downward structure forming an OB ✔️ The main goal is the 4-hour bullish imbalance below 📌
So this is what the level looks like that cannot be hidden 🤌 We don't just throw signals we provide entry, stop, targets, logic, and chart. And then we open the market and it obediently performs according to our plan, point by point. You look at this and understand: yes, we really do magic in the market. We are not boasting we state the fact: we are the best🔥
Only our Cryptonican team provides truly accurate and balanced market analysis. We use technical analysis, Smart Money, and the Wyckoff method in our work. While others were shouting 'long', we made precise forecasts. If you have doubts, all our analyses are openly available in the TG channel Cryptonican.
Price after testing the 0.5 zone on Fibonacci, broke the descending structure and continues to rise in an upward trend ↗️
On the daily chart, a sideways trend was formed in the upward trend with a deviation from below, after that we had another break of the structure, fulfilled the daily imbalance, and are already showing a bullish reaction 🟢🟢🟢
The targets will be the upper boundary of the sideways trend, swing high of the global trend structure, and the area according to Fibonacci (all targets are indicated on the chart) 🚀
The price shows signs of re-distribution 🔴 We are currently in a local sideways movement, based on the context it can be assumed that this is distribution🔽
We are in a short OF, so through one more deviation of the local sideways movement, I expect the continuation of the downward movement ☄️
The targets will be the indicated swing low and daily imbalance 📌
Currently, we are testing the short zone POI in the form of a weekly imbalance, so we are waiting for a local break of structure and we can look for positions at the specified targets below
Don't forget that the price only makes the first deviation - UT, and there is also a possibility with UTAD🔽