I published this analysis on $VELVET a few days ago, and before that, I posted a bearish signal, saying that if a breakout occurred, it would mean an upward move; otherwise, there would be a sell-off. And that's what happened. There was no sideways breakout, but something positive happened: a strong slide. The currency is expected to return to 0.3000 or 0.2000. Currently, these are not good areas for speculation.
{future}(VELVETUSDT)
Ethereum Update
The current bounce is stronger than what's typically expected for a Wave (4), but the primary bullish scenario remains valid.
The move lower from the June 15 high unfolded as a three-wave decline, leaving room for one final push lower to complete a full five-wave structure from that peak.
At the same time, if $ETH breaks decisively above the initial resistance zone between $1,636 and $1,668, it could shift toward a broader flat correction, supporting the alternate bullish out...
Dear follower, since I posted an update about Bitcoin indicating movement, either upward or downward, Bitcoin has started to rebound. I've also noticed that Bitcoin selling has decreased. At the same time, some cryptocurrencies have started to rise, initially experiencing low upside (SOL), and then gradually rising. Often, if a cryptocurrency like this rises, there's a possibility of other cryptocurrencies rising as well. This is sometimes like a hint or something similar. Currently, the market ...