Greetings, dear friends, traders and enthusiasts!
Today, let's dive into a chart analysis that uncovers a phenomenon – the formation of a fractal pattern.
As we explore the intricacies of this market movement, we'll navigate through key trends and potential shifts that offer valuable insights for our trading journey.
On the chart, we can observe the formation of a fractal pattern.
The downtrend formation began within July, characterized by a prolonged sideways movement with periodic false upward breakouts, continuing until mid-August.
Confirmation of the continuation of the descending trend was marked by a sharp price drop from 29 to 25 thousand.
Currently, the price is following a very similar path (fractal) as before. We are now in a sideways phase, having already experienced one false breakout.
Ahead of us lies a few days of sideways movement, with price oscillating within the range of 25,900 to 26,000. By the end of August or so, another false breakout might emerge. In the final days of summer, a price decrease can be anticipated, potentially even a significant one.
I've attached my chart with a larger timeframe for a broader perspective👇
Thanks for Your attention.♥️ I hope this analysis was engaging and informative.
Yours sincerely, Kateryna 🚀
Today, let's dive into a chart analysis that uncovers a phenomenon – the formation of a fractal pattern.
As we explore the intricacies of this market movement, we'll navigate through key trends and potential shifts that offer valuable insights for our trading journey.
On the chart, we can observe the formation of a fractal pattern.
The downtrend formation began within July, characterized by a prolonged sideways movement with periodic false upward breakouts, continuing until mid-August.
Confirmation of the continuation of the descending trend was marked by a sharp price drop from 29 to 25 thousand.
Currently, the price is following a very similar path (fractal) as before. We are now in a sideways phase, having already experienced one false breakout.
Ahead of us lies a few days of sideways movement, with price oscillating within the range of 25,900 to 26,000. By the end of August or so, another false breakout might emerge. In the final days of summer, a price decrease can be anticipated, potentially even a significant one.
I've attached my chart with a larger timeframe for a broader perspective👇
Thanks for Your attention.♥️ I hope this analysis was engaging and informative.
Yours sincerely, Kateryna 🚀
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🚀Join me : t.me/+aAADzO1OqsQ2MGI0
💰 I'm using Bybit and I highly recommend it to You. By using my link - You'll get a nice bonus
www.bybit.com/invite?ref=7X0W2A
