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Nothing is happening in the market: volatility has become extinct and coins' trading fallen out of fashion. Range-bound bots and robotic humans absolutely prosper in this environment. The price was unable to break the 7700 threshold. For me this is a bearish signal. Indicators provide mixed signals, so let's examine wave structure. The move from May 29 is a 3-wave correction within a larger downtrend. A price drop below 7500 would confirm this scenario.
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LTC H&S setup:
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EOS is on the brink:
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Still can't get to 7500. This scenario becomes increasingly viable:
Связанные идеи
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I agree. The feeling that the market is entering a stage of excessive pessimism.
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@UnknownUnicorn1690289, And that's beauty to a Bull's ears :)
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Probably, you do not trade bots, otherwise you would know that this is the worst time for them, because of the lack of volatility and liquidity
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@Vladlex, This is may be so for retail traders because of high comissions. Otherwise scalping within these ranges is great.
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