Just taking a wider TF look at the pair. We can see a much clearer picture of a the possible ascending triangle that is printing. Weekly supply zone in green denotes the resistance at the top of the triangle. The W1 chart suggests that a clean close above that resistance should have price targeting the orange zone just below the weekly HVN. The D3 chart shows that area as the first level of support as price fell from $6000. Supply remains in that area, which should provide initial resistance on any movement up.
Today will close the current D3 candle and we can see that it is printing a nice bullish engulfing after the doji. It is also above the pivot as well as the 21 EMA. All of these are bullish.
As we can see on the weekly chart, the target based on the triangle takes price right into that supply. We can also see the ATH's descending wedge resistance sitting just a few hundred dollars above the current price. A close above this resistance should set up a $14,500 target, at least, based on the height of the wedge.
Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life.
Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
Today will close the current D3 candle and we can see that it is printing a nice bullish engulfing after the doji. It is also above the pivot as well as the 21 EMA. All of these are bullish.
As we can see on the weekly chart, the target based on the triangle takes price right into that supply. We can also see the ATH's descending wedge resistance sitting just a few hundred dollars above the current price. A close above this resistance should set up a $14,500 target, at least, based on the height of the wedge.
Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life.
Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
