I'm guessing a lot of people just received ZBCN and another crypto airdropped into their digital wallet.
the fundamentals are fun to look at and see the innovation and creativity of the new age of finance but without looking at all that, the chart always speaks volumes.
Remember Voice over I.P. address (VOIP)? well, crypto is Money over I.P address aka magic internet money.
Just as VOIP brought spam calls and messages, crypto will bring spam money. This spam money is airdropped into wallets usually based upon which layer 1 assets the wallet holds and the quantity or date of asset custody. Any parameter can be programmed I guess but to all who received free magic internet money, congratulations.
we can look at the company distributing their crypto and support them or sell the asset for something we do want to support.
T.A explained -
BS & FS levels are expected support when dashed lines, tested when dotted and resistance when solid lines.
The inverse is true for the Inv. BS Inv. FS levels, they are resistance as dashed lines, tested as dotted and support as solid lines.
Monthly timeframe is color pink
weekly grey
daily is red
4hr is orange
1hr is yellow
15min is blue
5min is green if they are shown.
strength favors the higher timeframe.
2x dotted levels are origin levels where trends have or will originate. When trends break, price will target the origin of the trend. its math, when the trend breaks, the vertex breaks too so the higher timeframe level/trend that breaks, the more volatility there could be as strength in the orders flow in to fuel the move.
13 minutes ago
Trade closed manually
price followed the candle science and timeframes from the 5min green levels to the weekly grey level. Price has left behind some inverse frontside and inverse backside candles which look to be forming the bridge to flip the script if price manages to gain those levels and start accumulation. That liquidity will "unlock" and fuel price action.
anyways, the next levels below are the weekly and monthly levels. I need to update & post the next chart on the daily and 4hr timeframes.