NFPrompt Triple-Bottom (Market Conditions Are Always Changing) One important point to remember; Market conditions are always changing and will always continue to change.
➖ We can have some weak bullish signals that reverse the next day, so the chart becomes bearish.
➖ We can have some very strong bullish signals and still, the market can reverse within a matter of days or weeks.
➢ Market conditions are always changing.
These signals help to spot potential moves, nothing is 100% certain with these charts and analytical tools.
A combination of bullish signals with a certain chart structure can point to an up-move happening next, but this isn't always the case. There are many humans involved. The market can be moving in a certain direction, and all is good, but someone with lots of capital see this and decides to take advantage of the situation and make some sort of move. This can create unexpected events. There are also other outside factors that affect prices in many varied ways.
We are looking at NFPrompt (NFPBTC) and we have a short-term triple-bottom pattern. The same level was tested three times in less than two months, and holds. Notice how the bottom became completely flat while trading volume is relatively high. We see strong selling yet the same support holds. This can indicate that buyers are active and if buyers are active as soon as the selling subsides we can see higher prices.
With that said, remember that market conditions can always change.
Thank you for reading.
Namaste.
