2021: - Started with steady uptrend - Reached first major peak around May-September - Volume during peak: 431.43B - Price level: 343.46B (266.71% growth)
2022: - Significant downtrend throughout the year - Market bottomed out around mid-2022 - Consolidation phase began
2023: - Marked by 343.46B level (464.19% reference) - Generally sideways movement with gradual accumulation - Started showing recovery signs in late 2023
2024: - Strong upward momentum - Current resistance level: 651.91B (marked as "SELL ATLS HERE PLEASE") - Volume at recent peak: 73.16B - Shows bullish trend with higher lows
Technical Indicators: 1. Major Resistance: 651.91B 2. Key Level: 343.46B (multiple touches) 3. Current Support: ~329.83B 4. Volume Profile: Decreasing from 2021 peak (431.43B) to current (73.16B)
Market Structure: - Long-term downtrend line (yellow) from 2021 peak - Current price action showing potential breakout - 16-bar cycles marked at key points - Market showing 107.62% growth potential to target
Future Projections (based on chart): - Resistance target: 651.91B - Time projection: Extended into 2025 - Potential breakthrough of long-term downtrend line
This analysis suggests we're in a significant accumulation phase with strong upward momentum, breaking previous resistance levels and showing signs of a potential larger market cycle beginning.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.