⚡️ Hello, everyone! There is panic in the market, with Bitcoin crashing to $98,000 overnight. I predicted this correction in advance, and those who read my ideas knew about it.
But now the question arises: where to put liquidity if the market is falling? And I have the answer for you!
🔔 Now that the market has just begun its correction, you need to pay attention to those assets that have already completed their correction and are now in a trading range, gathering strength for further growth.
And ULTIMA is one of them!
➡️ While the top 5 altcoins lost more than 10% over the weekend, ULTIMA fell by only 8%. This suggests that sellers simply cannot push the price lower. The asset has been in correction for a long time and has probably reached its local bottom.
Two gaps have formed at the top: the first at 9,220-14,250, the second at 15,340-19,250. And as we know, 99% of gaps close sooner or later. Just as Bitcoin closed its gap from below yesterday.
📈 The price itself is in a flag and is approaching its sloping support, which historically provokes powerful rebounds in a bull market.
⚙️ Metrics and indicators:
Money Flow - an indicator of capital inflow into an asset. One of the key metrics for any token. And in ULTIMA, fresh liquidity has been coming in for more than six months! Even throughout the entire correction!
Supply and Demand - the price is driven by these two basic metrics. And now, below the current price, at the level of 6,660 - 6,200, a large level of demand has formed. This pushes the price back up and prevents it from falling lower. And if the price cannot fall lower, it means it will go higher.
Volume - sales volumes continue to decline throughout the correction. This is a signal that seller pressure is weakening and control may soon shift to the bulls.
📌 Conclusion:
At times like these, it is necessary to look at those tokens that have already gone through their correction phase and are now gathering strength for the next surge.
After all, they will be the first to go up, while the rest of the market is still declining and looking for a fair price for each asset.
But now the question arises: where to put liquidity if the market is falling? And I have the answer for you!
🔔 Now that the market has just begun its correction, you need to pay attention to those assets that have already completed their correction and are now in a trading range, gathering strength for further growth.
And ULTIMA is one of them!
➡️ While the top 5 altcoins lost more than 10% over the weekend, ULTIMA fell by only 8%. This suggests that sellers simply cannot push the price lower. The asset has been in correction for a long time and has probably reached its local bottom.
Two gaps have formed at the top: the first at 9,220-14,250, the second at 15,340-19,250. And as we know, 99% of gaps close sooner or later. Just as Bitcoin closed its gap from below yesterday.
📈 The price itself is in a flag and is approaching its sloping support, which historically provokes powerful rebounds in a bull market.
⚙️ Metrics and indicators:
Money Flow - an indicator of capital inflow into an asset. One of the key metrics for any token. And in ULTIMA, fresh liquidity has been coming in for more than six months! Even throughout the entire correction!
Supply and Demand - the price is driven by these two basic metrics. And now, below the current price, at the level of 6,660 - 6,200, a large level of demand has formed. This pushes the price back up and prevents it from falling lower. And if the price cannot fall lower, it means it will go higher.
Volume - sales volumes continue to decline throughout the correction. This is a signal that seller pressure is weakening and control may soon shift to the bulls.
📌 Conclusion:
At times like these, it is necessary to look at those tokens that have already gone through their correction phase and are now gathering strength for the next surge.
After all, they will be the first to go up, while the rest of the market is still declining and looking for a fair price for each asset.
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.
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.