Hello successful trader, let's make technical analysis simple.
The market cycles mainly between two phases, a bearish phase and a bullish wave.
These are the two polarities: up and down.
➖ A bullish wave is followed by a bearish wave.
➖ A bearish wave is followed by a bullish wave.
It is that simple.
➢ It doesn't matter the time of the year, nor what politics or global finance says; the market cycles between up an down... After a bearish wave follows a bullish wave.
Here we have this very same dynamic shown on the chart.
➖ Kadena went bullish late 2023.
➖ Kadena went bearish early 2024.
The last event was a bearish wave. We are now set to experience a bullish wave, in accordance with standard market dynamics. This can be a big one.
Namaste.