Here we have a classic pattern and price dynamics. A major high leads to a low and then a recovery wave. The recovery wave peaks before reaching the previous high and this reveals that a new drop is approaching.
Trading volume is low on the second/current rise and the latter part of it goes into a parabola. A parabola can only end in a retrace.
This pair, ORCAUSDT, is now set to produce a correction, this correction is set to develop in the short- to mid-term.
Thank you for reading.
Namaste.
Trading volume is low on the second/current rise and the latter part of it goes into a parabola. A parabola can only end in a retrace.
This pair, ORCAUSDT, is now set to produce a correction, this correction is set to develop in the short- to mid-term.
Thank you for reading.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
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🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
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🚨 Go beyond! PREMIUM LIFETIME Access
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.