In this analysis, we have considered the following assumptions:
1. The major bearish correction started from ATH to $30K also had affects on two passive daily candles to terminate the deadly resonance wave of that fall.
2. Since 23rd May 2021, market has started a new trend, aiming the recovery of its bullish trend. Therefore, The pinned candle on 23rd May has been considered as the initial candle of the recovery waves.
It's necessary to note that this is just an idea and not a financial advice! This scenario needs a higher volume in the market.
Thanks for liking and following us! You may enjoy trading on SynchroBit.io
1. The major bearish correction started from ATH to $30K also had affects on two passive daily candles to terminate the deadly resonance wave of that fall.
2. Since 23rd May 2021, market has started a new trend, aiming the recovery of its bullish trend. Therefore, The pinned candle on 23rd May has been considered as the initial candle of the recovery waves.
It's necessary to note that this is just an idea and not a financial advice! This scenario needs a higher volume in the market.
Thanks for liking and following us! You may enjoy trading on SynchroBit.io