WallStreetTrendResearch

$PI Market is about to bottom out

$PI Continuation: The adjustment is ongoing without an end. The bears are pounding me hard, smashing until the bulls completely stop fighting back and then they'll ease up. Right now, the daily chart hasn't shown a stop-fall signal yet and the downside space isn't exhausted. Why is it being smashed this deep? The $0.3 resistance is just too strong. Multiple breakout attempts have failed, so this time they're going to smash it hard and finally use four ounces to move a thousand pounds to challenge the $0.3 level.

$PI Adjustment continues: Being able to hold steady at $0.20 today is already pretty good. Next, we need to hold steady at $0.23, then $0.26, and eventually break through $0.3. Let me briefly explain the $0.2 position since some people might have missed it—it's the bottom of the previous large box range, which is a box range from $0.2 to $0.3 where the price has basically been moving within this space. As I mentioned before, the trading process of ups and downs means the price rises where there is support and pulls back where there is resistance. The adjustment is expected to take another 2 w

$PI Wait: Be patient, the adjustment will take at least about 2 weeks. The daily chart will signal the end of the adjustment when a medium to large bullish candle of over 5% appears. Currently, the price is around $0.197 at the daily midline, and on the 4-hour chart, the downward momentum has weakened somewhat but has not yet fully reversed. When the last large bullish candle appeared on the daily chart, I mentioned that the 5-day moving average had already diverged, and now the 10-day moving average is also diverging. In terms of angle, it should be at this midline level. So, this rapid decl

$PI Low buy: No need to wait until 8 o'clock close to analyze anymore, the market trend is already very clear. The 0.3 USD resistance is still quite strong, and we couldn't break through even with a volume close to 25 million. I think it will reach the previous large box bottom at 0.2 USD. The previous large box ranged from 0.2 USD to 0.3 USD. A large bearish candle appearing on the daily chart means adjustment is inevitable.

$PI Hold tight: The daily chart is showing strong momentum right now. As I mentioned before, we need at least one daily candle with a gain of 5% or more for the uptrend to be powerful. Today's 8 o'clock closing candle looks good, and there's direct net inflow as well. The weekly chart structure is also quite favorable—once we break through $0.27, the upside potential opens up. Looking at the weekly Bollinger Bands, they're about to expand. Stay firm and hold your positions. Breaking through $0.3 is when the real major movement begins—at minimum, we're looking at a doubling scenario. While my

$PI Don't chase highs: I originally wanted to write this before 8 o'clock, but I actually made the judgment a few days ago. After thinking about it, I decided to wait for the daily close at 8 o'clock to write. A few days ago, I mentioned that this kind of daily chart pattern makes a big rise unlikely, and since the weekly moving averages are all together and the daily lacks enough momentum, the weekly space won't open up. Look at the 5-day moving average on the daily chart below; it has already started to turn downward. The 5-day moving average is the attack line.

$PI Bullish: The daily chart is showing strong oscillation. My biggest concern is that one of the 8-hour lines finally broke above at 20:00, which is the one I circled below. Now, from the daily to the hourly level, the trend is basically upward, so it should go up. Keep holding onto your positions.

$PI Don't chase highs: buying low and selling high is the way to go; chasing highs can ruin your life. The market didn't rise as I mentioned yesterday evening. From the daily chart perspective, it is still in a strong correction and hasn't dropped much. As for why it didn't move as I predicted yesterday, it's because the buying momentum is insufficient. Additionally, from the Bollinger Bands perspective, I believe it will develop into a 12-hour level pattern because once the Bollinger Bands open to a certain extent, they won't open further regardless of how positive the news is. Super bullish

$PI Take a look at the 8-hour chart below. Let me share my opinion. First, the 8-hour timeframe means one candlestick every 8 hours. The fast indicator KDJ has already started to turn, and the MACD is above the zero line without showing signs of a bearish crossover, indicating acceleration. The upper Bollinger Band is widening, and the lower band is also moving upward. The price is all above the moving average line. Therefore, I believe the price will rise by 16:00.

$PI Don't panic: holding your chips, this small increase and decrease are nothing. What we want is a doubling rally. The real bullish market will only come after breaking through $0.3. The lowest price of the last daily candle is $0.20, followed by a large bearish candle that completely engulfs the bullish candle. In such cases, the third candle usually drops significantly, but the closing price of the third candle is at $0.21. This indicates that there is strong support at $0.2, which I also mentioned yesterday. Why didn't it continue to fall? Because looking at the subsequent 4-hour chart,

$PI The adjustment has started. Don't panic if you're in spot trading; if the trend is strong, adjust to the 0.20 level. Normally, it should be around $0.18, with an extreme level at $0.16, but the probability of reaching that is very small. Based on the 3K theory, the daily chart looks unfavorable, with a rise from $0.155 to $0.239, a 54% increase, without a proper correction in between. When the Bollinger Bands' opening widens to a certain extent, the upward momentum stalls and then pulls back. However, with the current trading volume, it won't consolidate sideways for several days and is l

$PI Hold onto your chips: During a bull market, any technical indicator will become distorted. From a long-term perspective, the definitive upward trend has already begun, and the main rally phase has started. When the bull market first arrives, many people are skeptical. For example, our A-shares started their rally on September 24, with three consecutive large bullish candles confirming the start of the bull market. At that time, many people also doubted it. Now, the bull market has indeed begun. Brothers and sisters, hold onto your chips tightly—there's no telling when the bull will top ou

$PI Beyond expectations: the market is better than I anticipated. After waiting patiently for the main upward wave, holding your coins means any pullback is a buying opportunity. We don't need to look at the daily chart; according to my 3K theorem, two consecutive medium-sized bullish candles form a foundation, indicating an upward trend and a relatively strong one. Once the weekly chart breaks above $0.202, it will accelerate. From the Bollinger band shape on the weekly chart, the pattern looks good. Additionally, from the larger trend on the monthly chart, the fast KDJ indicator is about to

$PI Keep holding your coins: this level of increase isn't really an increase; at least a multiple of that would be considered a real rise. At this position, from $0.18 to $0.20, there won't be a significant surge anymore. It is likely to consolidate for a while here because, on the hourly chart, the lower Bollinger Band has already caught up with the upward momentum. The trend has already shifted away from a downtrend. As mentioned before, a daily candle with a large bullish body of at least 5% can change the trend, and that's indeed happening. The MACD has already started to move away from t

$PI Hold onto spot: after the daily chart adjusts, a big move will come, estimated to take about a week. Currently, the daily MACD remains near the zero line, but the Bollinger Bands are not in the right opening shape, and the daily chart is now contracting. So, what Bollinger Band shape indicates a move? It's the 6-hour Bollinger Band shape shown in my below Chart 6.

$PI Nothing surprising: the daily chart shows a bullish trend, and everything is still within expectations. Yesterday, there was a black swan event with a brief price dip. However, I was not panicked at all and continued to buy at the predetermined price of $0.163. Because the small trend follows the overall big trend, and the daily and weekly trends have not changed, which is why we first look at the big trend and then find buying points in the small trend. Trading is actually very simple: if it can't go down (support), it will go up; if it can't go up (resistance), it will go down. It's tha

$PI Support: On May 25th, the high of 0.1745 was resisted, which can be seen from the 1-hour chart. Then it surged again to 0.1725 but still did not break through, and then started to fall back. From the daily chart, the 0.1745 USD level was likely resisted at the 10-day moving average. Currently, it is still around the 10-day moving average. Yesterday, support helped break through 0.172 USD, and today we will see if it can stabilize above the 10-day moving average at 0.171 USD.

The daily timeframe still looks bullish. Yesterday, I warned that the price would return to $0.165 and suggested going long at that level. No more words, just look at the chart.

$PI Latest analysis: The overall trend is bullish. From the weekly chart, it can be seen that the daily chart still needs to refine its pattern structure to meet the requirements for an upward move. The price should reach $0.165. Yesterday, you also saw mainstream currencies seemingly surging rapidly, but who knows how many people got trapped again, because currently, from the daily chart onward, all mainstream currencies are in a downtrend. So, according to the idea that small trends follow the big trend, how to go up is how to come down. What is needed is resonance across different timeframe