Trump Coin, liquidity at $31 will push price to <$24
Please note that this TA is NOT politically biased. I am simply creating the TA because this crypto coin has been largely talked about. My technical analysis is never with the mindset of a political belief for or against anything. It is simply price action doing the talking.
I've based this TA on quarterly theory lows/highs being the actual low/high candidates that make the actual lows/highs that price tests.
On bearish legs like we are in right now with Trump Coin, we are looking to the left hand side before the high to see liquidity low levels of interest. In this case, the first liquidity low that subsequently failed was at $34. We see that price was manipulated lower, but it failed to remain the low, so there was not enough buying to start a reversal. We were looking at the quarterly high at $51.51 to be taken out after liquidity from $34 was tested, for a reversal to happen.
In this case, that quarterly high at $51.51 that made the manipulation was never tested, so price has pushed below the manipulation low for additional liquidity.
Whenever price goes below the manipulation low, it will retrace to either the high timeframe bearish OB... OR (like in our case) create sell side liquidity before reaching the OB, which will be manipulated, in order to reach the next target of $24 (where the whole thing will cycle through again).
-Manipulate the quarterly highs/lows.
-Test for reversal or continuation.
-Price reaches OB, or price creates liquidity on the way to the OB which is then manipulated and creates the reversal or continuation.
Let's look at the zoomed in portion to show where the liquidity has been built:
The relatively equal highs created is the liquidity that needs to be manipulated by the market makers in order to push the price down. This is where a lot of stops will naturally be, once the high is broken, it will facilitate market makers to sell into the sell stops located above the high.
I've based this TA on quarterly theory lows/highs being the actual low/high candidates that make the actual lows/highs that price tests.
On bearish legs like we are in right now with Trump Coin, we are looking to the left hand side before the high to see liquidity low levels of interest. In this case, the first liquidity low that subsequently failed was at $34. We see that price was manipulated lower, but it failed to remain the low, so there was not enough buying to start a reversal. We were looking at the quarterly high at $51.51 to be taken out after liquidity from $34 was tested, for a reversal to happen.
In this case, that quarterly high at $51.51 that made the manipulation was never tested, so price has pushed below the manipulation low for additional liquidity.
Whenever price goes below the manipulation low, it will retrace to either the high timeframe bearish OB... OR (like in our case) create sell side liquidity before reaching the OB, which will be manipulated, in order to reach the next target of $24 (where the whole thing will cycle through again).
-Manipulate the quarterly highs/lows.
-Test for reversal or continuation.
-Price reaches OB, or price creates liquidity on the way to the OB which is then manipulated and creates the reversal or continuation.
Let's look at the zoomed in portion to show where the liquidity has been built:
The relatively equal highs created is the liquidity that needs to be manipulated by the market makers in order to push the price down. This is where a lot of stops will naturally be, once the high is broken, it will facilitate market makers to sell into the sell stops located above the high.
تم فتح الصفقة
We got here far faster than I thought, and we are already seeing a nice reaction to the liquidity high.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.