The cryptocurrency market seems to be headed for a bull market after October’s gains extend into the end of the year.
Crypto markets are characterized by phases of expansion and contraction, and these phases tend to repeat. Uptrending markets move in a rally-base-rally format, or when a rally is followed by consolidation, which results in another rally. Downtrending markets follow a similar pattern of drop-base-drop. On both sides, the consolidation phase is usually characterized by liquidity runs below key levels.
price rallies nearly 60% in less than two days Storj price has consistently stuck to the rally-base-rally structure with liquidity runs happening inside the base, also known as the consolidation phase. A lower time frame analysis after liquidity runs on 4-hour time frames would give traders a better entry before the explosion phase.
/USDT 4-hour chart While moves followed the rally-base-rally structure, other altcoins might not. Hence, it is important to identify the ongoing trend for each coin. Ideally, this can be done by observing past price action. Additionally, investors can also use momentum indicators and liquidity runs as signals before the start of a rally. Another example is Uniswap’s UNI token on the 15-minute time frame. UNI price swept sell stops resting below October 31 lows on November 1.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Navigating Polycrisis And Mastering Multipolarity By Redefining Supply Chain ResilienceKoray Köse is the chief industry officer of Everstream Analytics. Read Koray Köse's full executive profile here.
Read more »
Post-Pandemic Leadership: Navigating The Evolving Work CultureHessie Jones is an Author, Strategist, Investor and Data Privacy Practitioner, advocating for human-centred AI, education and the ethical distribution of AI in this era of transformation. As an investor, she seeks to power the underestimated founder through capital and connectivity.
Read more »
Navigating The Post-FTX Era: How Crypto Trading Platforms Must AdaptIan Weisberger is the co-founder of CoinRoutes.
Read more »
Navigating Home Renovations With The Help Of AII am the author of the bestselling book, 'Cracking the Data Code,' which serves as a blueprint for generating real business value from data, AI, and its family of technologies.
Read more »
Navigating Lower Sexual Desire During the Holiday SeasonSexuality studies don’t always give a full picture of folks' erotic lives over the holidays. Learn how to cultivate your own sexual desire this holiday season.
Read more »
Serena Williams Says Daughter Olympia, 6, Is 'Navigating' Being Older Sister to Baby AdiraSerena Williams revealed at Monday's CFDA awards that her daughter Olympia is 'navigating' being an older sister to her 'baby sis' Adira. The tennis star shares her children with husband Alexis Ohanian
Read more »