Price is in the upper half of the swing and is in contraction - after contraction is expansion - trade is for expansion higher out of the minor contraction to a new high.
So on LINK on the 15 minute timeframe a nice LINK entry appeared. The most recent contraction on the 4 hourly chart was on the level of 6.895, and this area could act as a value line. An Uptrend has begun on the Super trend indicator and there is also an double bottom, Perhaps it can touch the value line again? TP1: 6.265 TP2: 6.485 TP3: 6.703 TP4: 6.895 SL: 5.790
SOLANA is above the 12 hour value line on an expansion and on the lower timeframe on the trend line ribbon it is now at a downtrend. I am personally entering a short only if it retraces around to the 14.3 to 14.5 area and it rejects that zone only. Solana doesn't seem to have the best sentiment at the moment and after long pumps to above its value, this dump...
On the 4 hourly chart there is a huge falling wedge on Link but also had a contraction and expansion. A breakout could be due soon, but the overall sentiment right now in crypto isn't the best and it had a violent pump right above the 6.1 USDT value line (LINK). and is struggling on resistance right now, personally, I'm keeping Link in mind as a swing trade. I...
There seems to be a downtrend on GMT 15 Minute timeframe after the contraction and expansion phases. As long as the trend is respected you could probably make some decent profits. ═════════════════════════════════════════════════════════════════════════ Contraction Plotter Indicator: www.tradingview.com
Bitcoin failed a falling wedge bullish pattern, maybe it got some liquidity and is going to try to rally up to 19k soon? Seems like a nice 1,2,3 Contraction, Expansion, Trend phase can play shortly with this expansion.
Looking at the ETH Chart you can see that its currently in a Low volume ranging market. ETH is in the contraction phase, just bounced a little from a support zone, and is overall not moving alot. After this it will have a large move, either to up or the down of the value line this isn't what's important What will be important is trading the trend after the big...
There is strong value at 19.2K USDT, I wasn't around for the mess that happened yesterday but I found this today :) Found the Contraction zone with my Contraction indicator which will soon be able to be bought
Using Contraction/Expansion Principles and Median Lines, Price Action can be projected NOT predicted Charting the Potential course of Price