1️⃣ The price returns to the Base area in 3 waves: 1, 2, 3. All three waves fail to create new highs, just a pullback.
=> Weak upward momentum
2️⃣ The ellipse-shaped area marked with t is a CP wave. This is a compression wave, usually with two types:
- CPD (CP Down) and CPLQ (CP Liquidity)
CPD is a compression wave that reaches a certain resistance area and then drops back to the starting point of the wave. Here, I'm looking at the Base 2 area.
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CPLQ is a compression wave that reaches a certain resistance area but with weak resistance. It usually makes a false upward movement before dropping back.
Here, I'm placing a CPD order.
There's a possibility of touching Base 2 with a slight reaction and then dropping back to Base 1.
$NFP You can see three red lines on the chart; these represent strong resistance. If the price does not drop from this level, we could see it move even higher. However, I expect that the price will not rise any further.
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During its uptrend, the price of FARTCOIN formed a 4-hour OB zone between $0.11800 and $0.12350. If, during a correction, the price reaches this zone and shows a reaction, an upward movement will then begin with the goal of reaching the previous high of $0.16250.
The price of #TRUMP continues to pull back toward its previous low of $1.488. If the price reaches this level and shows a reaction, a new upward move will begin. The main target for the rally is the $2.100 resistance level.
The price of #STRK is attempting to hold the $0.028 support level. If the price successfully holds this level during the current correction, a strong upward move will follow. The main target for the price increase is the liquidity at previous highs above the $0.035 level.
The price of #INJ is attempting to hold the $4.50 level during this move. If the price holds this level during the correction, we will then see a new wave of growth. The main target for this upward move is the liquidity at the $6.100 level.