MOCA is at the end of its trend (2H)
Aktualisiert
From the point where we placed the green arrow on the chart, MOCA appears to have formed a large triangle.
It seems that wave C of the large triangle is a double combination, and we are currently in the second part of this combination, which is itself a triangle.
At present, we appear to be in wave c of this smaller triangle. Wave c also seems to be a diametric, and we are now in the final stages of this diametric.
It could reject downward from the red zone.
The closure of a 4-hour candle above the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
It seems that wave C of the large triangle is a double combination, and we are currently in the second part of this combination, which is itself a triangle.
At present, we appear to be in wave c of this smaller triangle. Wave c also seems to be a diametric, and we are now in the final stages of this diametric.
It could reject downward from the red zone.
The closure of a 4-hour candle above the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Anmerkung
Timeframe is 1HTrade ist aktiv
Wave g of C extended and reached above our drawn resistance zone. However, the triangular structure was followed correctly. Instead of a horizontal triangle, it formed a counter triangle, which has been updated in this analysis.
We also issued a warning in the analysis regarding the volatility and high-risk nature of this coin.
At the end of a trend, such moves by market makers on hot coins are not unexpected.
The condition for invalidating the analysis was the closing of a 4-hour candle above the invalidation level. However, no candle closed above this level, and it was only touched with a shadow. Thus, the analysis remains valid.
When the invalidation level is reached but no 4-hour candle closes at that level, the position size can be increased on the following 4-hour candle.
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