AzorAhai06

$appc at end of pattern

BINANCE:APPCBTC   AppCoins / Bitcoin
  • Been accumulating for a while
  • Accumulation zone is most likely the bottom
  • approaching end of pattern
  • order block zones indicated
  • noted high volume node resistance indicated
  • First target is reasonable. Second two are illustrated to show potential
  • For long Entries, Stop losses should be placed at 11,427 sats             .
thanks for the chart. I've been trying to count the Waves on this one and I believe we are about to enter wave 3 upwards. Can I ask, your points you said:
*order block zones indicated
and
*noted high volume node resistance indicated

Could you please explain what these mean and how you identified them?
Thanks again
Antworten
@kitkat16, The HVN was found using the volume profile indicator/feature. High volume nodes indicate levels where a lot of transactions took place (high volume) They can be areas of support or resistance.

The block zones are just major horizontal levels based on previous market price action. You expect price to act similarly at each level to its previous behavior at that level.
+1 Antworten
kitkat16 AzorAhai06
@AzorAhai06, thanks for the education. I think we are in the middle of a Bullish wick before lift off here with APPC. Thanks again :)
Antworten
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