check the trendIt is expected that the price will move according to the specified paths. Then, given the price behavior in the specified support area, possible scenarios have been identified.
As long as the price does not consolidate above the green resistance zone, the downtrend is likely to continue
Neo Wave
EUR/USD price dropEUR/USD price decline is bearish for the next 2 weeks to 10 days
Entry in the range of 0.05645
Successful trade ((Stop Loss)): 0.06465
First target ((Take Profit)): 0.03250
Second target ((Take Profit)): 0.03040
Try to consider a risk to reward of maximum 3 and stick to the suggested entry and exit points
The exact timing of the Altcoin season !As you know, with the drop in Bitcoin dominance, altcoins yield higher returns compared to Bitcoin. Conversely, when Bitcoin dominance rises, Bitcoin yields higher returns compared to altcoins.
From the point where we placed the red arrow on the chart, it seems that the bearish waves of Bitcoin dominance have begun.
Wave A has been completed, and we are now in Wave B.
Currently, it appears we are in Wave B/X, which is a diametric pattern.
After this diametric, we expect Bitcoin dominance to enter Wave C, which is a bearish wave.
We anticipate that the altcoin season will begin from a high supply level.
This is our perspective on Bitcoin dominance.
Before altcoins undergo further correction, there will be a recovery in wave e of this dominance.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You