Good Morning Everyone,
I wanted to note a powerful tool not often seen. Todays topic is the Anchored VWAP tool found on the toolbar. This tool is fantastic for identifying real levels that get tested time and time again to either confirm or smash trends and can help you keep a good mental frame work of your environment you plan to observe and may be take part in.
I like to use apply this tool to local tops and or bottoms to help identify these key levels determined from those anchor points. What makes them special to me is how often they line up with other levels of confluence and can really narrow your range of opportunities given to you in the market and filter them down to higher quality/higher probable scenarios.
The reason i bring this up is because of the latest development in the crypto sector. Most rallied over the last day or two, but observe the ere coincidence of how much interaction price has with our Anchor. Stay tuned.
Cheers,
Uni
Comment:
The environment has changed. Now that price has seated under our red line, the question is for how long?