Traders and investors welcome !
* Important point ! (see screen-shot below on the 4H range)
1. You'll see the marked candlesticks on the 4H chart, where prices tried to reach the resistance zone becoming support, however we have a long wick rejection following by a green body which indicate (for the moment) that momentum sellers where not strong enough to touch the key level. HOWEVER, this is at the momentum of writing. The candlestick can also be identified as a hanging man which can indicate a market reversal; for which I created a possible ''Path''. See first price note of 2705 as first uptrend support before we go directly to the 2600 price note.
Thank you for reading, let me know in comment which crypto, stock, or currency you would like me to analysis for the following times.
Kevin C. Best
* Important point ! (see screen-shot below on the 4H range)
1. You'll see the marked candlesticks on the 4H chart, where prices tried to reach the resistance zone becoming support, however we have a long wick rejection following by a green body which indicate (for the moment) that momentum sellers where not strong enough to touch the key level. HOWEVER, this is at the momentum of writing. The candlestick can also be identified as a hanging man which can indicate a market reversal; for which I created a possible ''Path''. See first price note of 2705 as first uptrend support before we go directly to the 2600 price note.
Thank you for reading, let me know in comment which crypto, stock, or currency you would like me to analysis for the following times.
Kevin C. Best