CyberUsdt pair has made its first HigherHigh since 1.09.2023
That new coin has exprienced a good run in Agust and since September it has been in a correction.
Yesterday it had the first HH since the correction has started at 1 Sep 23.
At that point i assume that correction has ended or very near to end.
Target are on the chart pls move the chart to the right , left and zoom in and out to see all of my notations.
5.20-5.25 level tried to turn into a support but failed 2 times by traders. This time it should be in order to assume that a correction of the downtrend has been started. Otherwise at least Cyber must not close a 2hr candle under 4.85 which is the latest HL close. If so we can assume that more bearish movement is coming.
If Cyber can stay above 5 to 5.15 for at least 6 2hr candles than uptrend should start and retest the 6 dollars level
Succesiful break above 6 dollars can surge to 6.56 level which is a strong resistance in my opinion.
I dont expect it to go higher than 8 to 8.5 before BTC halving because as i said this is just a correction of the latest 3 weeks old downtrend.
I dont say downtrend is over but i say that we have a sign that it is maybe close to the end.
On the other hand if downTrend has just paused for a while then we can expect it to go lower around 4.4 and 3.7 and 3 dollar.
Yesterday it had the first HH since the correction has started at 1 Sep 23.
At that point i assume that correction has ended or very near to end.
Target are on the chart pls move the chart to the right , left and zoom in and out to see all of my notations.
5.20-5.25 level tried to turn into a support but failed 2 times by traders. This time it should be in order to assume that a correction of the downtrend has been started. Otherwise at least Cyber must not close a 2hr candle under 4.85 which is the latest HL close. If so we can assume that more bearish movement is coming.
If Cyber can stay above 5 to 5.15 for at least 6 2hr candles than uptrend should start and retest the 6 dollars level
Succesiful break above 6 dollars can surge to 6.56 level which is a strong resistance in my opinion.
I dont expect it to go higher than 8 to 8.5 before BTC halving because as i said this is just a correction of the latest 3 weeks old downtrend.
I dont say downtrend is over but i say that we have a sign that it is maybe close to the end.
On the other hand if downTrend has just paused for a while then we can expect it to go lower around 4.4 and 3.7 and 3 dollar.
Comment:
I am not expecting big movements for at least 4 or 5 days. After then i think BTC leads all alts to the last bearish dive before the next bull run. I hope i am wrong but i am taking actions to save my investment
Comment:
there is no big action for the last 4 days due to over all negative market sentiments leading by BTC. Grayscale is gonna get ETF but not now and remember it is September which is a bearish month for crypto historically. After seeing a death cross on the daily BTC chart and a golden cross on the 4 hours btc chart i did not expected big movement on both sides but the death cross will show it is effect eventually. NO ONE can predict the bottom of that bearish rally on BTC. On the other hand Cyber has been showing good signs of divergent price action than BTC.
Over all very confusing signals out there right now. I always have made bad decisions over that kind of situations. Means long positions are loss of capital and short positions are loss of good trade opportunity. Good luck you all . I will keep update if needed
Over all very confusing signals out there right now. I always have made bad decisions over that kind of situations. Means long positions are loss of capital and short positions are loss of good trade opportunity. Good luck you all . I will keep update if needed
Comment:
I have a feeling that it is going to explode in 48 hours
Comment:
That was not an explosion exactly but after 2 day we had something