As a Short description:
Two green and red rectangles in current area, are made up of Fibonacci retracements. and its normal for the price to have no certain direction in the overlab segment. but be careful that this area we're in is critical and not being decisive on our stoploss (whether to be for long or short positions) can be very frightening.
+ It is yet risky to open short interest (the reason can't be seen on the chart or any TA, the reason is hidden in smart money behaviour patterns)
The Green line down there (S3) is very powerful, and it overlabs a part of the fibo zone, so it's really absorbing for the price to be touched again. so and if price goes down to 44000 for another touch of the S3, it should be sharp, as the VP is empty either.
dotted green line (which is very determined and was drawn with yearly points) can be touched again either. but it's not as possible to break as the yellow line that is in hourly scale. finally, here there is also a possibility of an upward high momentum movement made by manipulation.
so be very conservative about your Trading. specially for short positions cuz the yellow circle is empty in VP and price might go up sharply.
comment your opinion and follow for more TAs.
Two green and red rectangles in current area, are made up of Fibonacci retracements. and its normal for the price to have no certain direction in the overlab segment. but be careful that this area we're in is critical and not being decisive on our stoploss (whether to be for long or short positions) can be very frightening.
+ It is yet risky to open short interest (the reason can't be seen on the chart or any TA, the reason is hidden in smart money behaviour patterns)
The Green line down there (S3) is very powerful, and it overlabs a part of the fibo zone, so it's really absorbing for the price to be touched again. so and if price goes down to 44000 for another touch of the S3, it should be sharp, as the VP is empty either.
dotted green line (which is very determined and was drawn with yearly points) can be touched again either. but it's not as possible to break as the yellow line that is in hourly scale. finally, here there is also a possibility of an upward high momentum movement made by manipulation.
so be very conservative about your Trading. specially for short positions cuz the yellow circle is empty in VP and price might go up sharply.
comment your opinion and follow for more TAs.
