I've labeled areas of confluence on the chart.
Global 618 golden pocket with an orderblock nicely paired with imbalances beneath as a magnet to pull price up.
The white line is the yearly Vwap and that snap point (Hard Knee) is in my area of confluence. Thats the yearly reset of the volume weighted average price. Price tends to revisit these levels.
I pulled the volume profile over candles that I though made more sense as a true buy sell aggregation. The Value area high, the value area low are marked. The Point of Control happily sits inside the Vwap snap point + 618 level + Orderblock with imbalance.
Defi Finance will get a push soon imo.
Not financial advice.
Global 618 golden pocket with an orderblock nicely paired with imbalances beneath as a magnet to pull price up.
The white line is the yearly Vwap and that snap point (Hard Knee) is in my area of confluence. Thats the yearly reset of the volume weighted average price. Price tends to revisit these levels.
I pulled the volume profile over candles that I though made more sense as a true buy sell aggregation. The Value area high, the value area low are marked. The Point of Control happily sits inside the Vwap snap point + 618 level + Orderblock with imbalance.
Defi Finance will get a push soon imo.
Not financial advice.
Comment:
To clarify, the naked point of control is a small buy sell range inside the 618. You have to zoom in to see the tiny volume profile. It is exactly at .037907 ndPOC
Comment:
Comment:
Comment:
Breaker could be support
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