Good Morning traders!
I hope you had a great weekend.
Mine was busy, just like the crypto markets. However the more they change the more they stay the safe. Price continues to be held EXACTLY at the area I highlighted, this is because we the market respects the areas filled with orders.
Currently I can see 2 options for price movement.
Orders are protected and we head lower sweeping the immediate lows before heading higher again.
OR we have a failure of the head and shoulders pattern, I see this as more likely, its a very obvious pattern and retail traders like obvious patterns, whales can see the orders...
As always trade safe
EnvisionEJ
I hope you had a great weekend.
Mine was busy, just like the crypto markets. However the more they change the more they stay the safe. Price continues to be held EXACTLY at the area I highlighted, this is because we the market respects the areas filled with orders.
Currently I can see 2 options for price movement.
Orders are protected and we head lower sweeping the immediate lows before heading higher again.
OR we have a failure of the head and shoulders pattern, I see this as more likely, its a very obvious pattern and retail traders like obvious patterns, whales can see the orders...
As always trade safe
EnvisionEJ
