OpenYourMind1318

Layer 2 scaling solution for Ethereum... The coin is moving in a very interesting way — you can clearly see a consistent percentage drop followed by a precise percentage rebound and this pattern keeps repeating every time, almost like a pre-written script. From the very beginning, the coin has been moving inside a global descending channel. Right now the coin is trying to repeat the same move that has already happened twice and if it repeats for the third time the outlook for this coin is not encouraging — we could drop another -53%, and it may even turn into a scam, because considering such a coin for investment would be madness. If in the end the coin finally turns bullish and breaks out of the global descending channel I wouldn’t set any targets higher than the ones marked on the chart

Right now I see two possible scenarios: Bullish scenario: We hold the current zone and start reversing toward the purple zone (the resistance of the descending channel). From there we will see how the price reacts — if it breaks above this level, the next targets will begin to play out. Bearish scenario: If the current zone does not hold, the price may retest the green channel and possibly even the blue zone. In any case these are global targets and for now the price action is expected to develop within this broader range.

STRONG SUPPORT ZONE — HIGHLY UNLIKELY TO DROP BELOW THIS LEVEL The maximum and minimum key levels are highlighted in purple and blue, respectively. If the current falling wedge / descending triangle formation plays out, the expected target area is the red zone and due to potential slippage price could "touch' purple zone as well.

At the moment the price is moving within a descending channel and all targets and potential reactions are marked inside this structure. The coin is currently in the oversold zone according to the CCI indicator, "0 level" acts like a magnet pulling price back ftom -300 or +300 doesnt matter. Around –300 marks the maximum oversold level. Around +300 marks the max overbought zone. You can clearly see where we stand right now — deep in oversold territory (-200 on the daily TF) If (or when) the price breaks above the channel - the MAX TARGET is already indicated on the chart.

Not sure about others, but personally I really like CCI indicator. Looking at its historical performance especially on the weekly timeframe it has proven to be extremely precise in signaling key market reversals and momentum shifts. Currently, we can see a triangle pattern forming on the chart. If this triangle plays out as expected - targets are marked on the chart and I’d dare to assume those could represent the final highs before a major correction or potential “scam phase”

After the end of the bear trend, price started forming a clean ascending channel. The midline of the channel (dashed zone) marks a phase of uncertainty, often leading to shakeouts or temporary consolidations. Area between the white dashed and green line can be viewed as a position-building zone, where smart money accumulates before a short-term or long-term upward move (ellipses). Once the price breaks and confirms above this range, the probability of a move toward the upper boundary of the channel increases significantly.

On the chart, we can see two channels : one reflects the reaction to previous movement and the other shows the potential current setup. Inside of each channel, there is a zone of uncertainty (marked with dashed lines) — within this range the price may shake out weak hands and accumulate positions. After a breakout and confident candle close above this zone, we can expect a strong upward move. The key point is to wait for a candle body to close above the zone boundary to confirm the impulse. Additionally, the price is still moving within a global descending channel. To reach higher targets it’s crucial for the market to break out and hold above the upper boundary of this long-term downtrend channel.

There isn’t much to explain here — accumulation → pump → distribution. Once the descending channel is broken and price moves above it, the potential targets are shown on the chart.

We have a blue horizontal accumulation zone, which has been acting as the cycle bottom area since 2018. From this zone, long-term positions can be built with partial profit-taking targets at the yellow, red, and violet zones — each representing stages of distribution and de-risking from the accumulated position. Additionally, we can observe a massive triangle formation. If this pattern plays out, the breakout target zones are clearly indicated on the chart. At the bottom, the blue line inside the white frame marks an additional support level, which may serve as a final retest zone before the next upward cycle.

Altseason is, of course, inevitable — the targets are roughly known in advance, yet the path toward them always remains a mystery. That’s what makes this market so fascinating — watching it unfold and being part of this great cyclical game. Currently, the price is moving inside a triangle formation, which could even turn out to be a bullish flag. We’ll soon find out — as breakouts usually occur around 80% completion of the pattern, the intrigue might last until January, when the real move begins.