Hey! Hope you guys are doing well and as always before I start if you feel that this gives you some insight or helps you out a bit then feel free to leave a like or follow which is always much appreciated and simply pushes me to continue doing just what I love, thank you!
⚡️This is an important analysis right now I just want to start with being as the first thing I'm gonna hit on right now is to watch out for a mountain fall/descent. We formed a lower high for the fourth time now failing to break that 0.33 barrier for a sustained amount of time which you can already see according to our HTF levels is another key point.
⚡️I told you guys in yesterday's Idea how thanks to our HTF levels 0.3 was gonna be that next point on the chart to watch as we start to move up and we can now see 0.3 being our newest resistance point thanks to our HTF and the chart itself now proving that to us as well so keep watch for our newest resistance zone there at the 0.33 mark. That's the new mark we got to break to get moving' but right now we just have to see if we end up moving below 0.31 now or if we'll slowly try to roll ourselves back up to 0.33 and give it another shot.
⚡️The sideways channel as always simply speaks for itself and tells you what you need to know being that it helps us form the direction of things. And speaking of the direction of things thankfully we've managed to not fall back down yet thanks to those EMA's as they've managed to keep relatively parallel to each other but hitting on that note keep in mind whales could try and pull a mountain fall at some point soon here as they flip the EMA's next and it could be much like the previous mountain fall which we had on the 18th. (encircled) Hopefully that isn't the case and instead we push up from here and break above 0.33 but just keep that in mind, especially if we fail to break above 0.33 again that could very well be what happens. So watch those EMA's guys.
I'm gonna leave it there for now and keep things short today but thank you guys for tuning in as always and if you felt this was a bit insightful or helpful feel free to leave a like and follow as it is always appreciated, thank you and have an amazing day, and most important, always do your own proper DD and trade responsibly!
~ Rock
⚡️This is an important analysis right now I just want to start with being as the first thing I'm gonna hit on right now is to watch out for a mountain fall/descent. We formed a lower high for the fourth time now failing to break that 0.33 barrier for a sustained amount of time which you can already see according to our HTF levels is another key point.
⚡️I told you guys in yesterday's Idea how thanks to our HTF levels 0.3 was gonna be that next point on the chart to watch as we start to move up and we can now see 0.3 being our newest resistance point thanks to our HTF and the chart itself now proving that to us as well so keep watch for our newest resistance zone there at the 0.33 mark. That's the new mark we got to break to get moving' but right now we just have to see if we end up moving below 0.31 now or if we'll slowly try to roll ourselves back up to 0.33 and give it another shot.
⚡️The sideways channel as always simply speaks for itself and tells you what you need to know being that it helps us form the direction of things. And speaking of the direction of things thankfully we've managed to not fall back down yet thanks to those EMA's as they've managed to keep relatively parallel to each other but hitting on that note keep in mind whales could try and pull a mountain fall at some point soon here as they flip the EMA's next and it could be much like the previous mountain fall which we had on the 18th. (encircled) Hopefully that isn't the case and instead we push up from here and break above 0.33 but just keep that in mind, especially if we fail to break above 0.33 again that could very well be what happens. So watch those EMA's guys.
I'm gonna leave it there for now and keep things short today but thank you guys for tuning in as always and if you felt this was a bit insightful or helpful feel free to leave a like and follow as it is always appreciated, thank you and have an amazing day, and most important, always do your own proper DD and trade responsibly!
~ Rock
