📢 Hi, Just wanted to share a quick TA here for you guys, hope everything is well as always and thanks for tuning in. Before I continue if you'd like to leave a like or share, follow it'd be much appreciated as always, thanks.
📢 In my earlier observation we noted how we'd have to see what happened at that 0.455 level and good to see that bulls managed to make a recovery even after slipping below it managing to avoid an intersection of our 20/50 EMA's.
📢 I've added a quick price annotation at 0.47099 being our point of resistance so we should watch to see if we continue to push and form a double top there before most likely retracing in that case or search for support once again at 0.455.
📢 As things are we've got a distance on our 200 EMA and we know how that line likes to rapple us back in sometimes. Some retracement is always healthy though as we know by now last thing we want to see is a mountain fall. If you know/ remember what a mountain fall by my terms is or remember let me know down below, genuinely curious.
📢 Anyway that should be the main thing we watch out for and if support can sustain even with resistance we may see a new channel/tug a war form in between 0.455 and 0.47. I'd definitely like to see that 0.47 be broken but we'd pull real far from that 200 EMA and it feels a bit too soon for that. If we fall I won't mind it considering how things are looking the next few months regardless but short term watch 0.45 and if a double top forms.
📢 If you'd like to leave a like or follow as always for my observations it's always appreciated. Does a lot and helps me grow best I can, thanks as always and wishing well.
~ Rock '
📢 In my earlier observation we noted how we'd have to see what happened at that 0.455 level and good to see that bulls managed to make a recovery even after slipping below it managing to avoid an intersection of our 20/50 EMA's.
📢 I've added a quick price annotation at 0.47099 being our point of resistance so we should watch to see if we continue to push and form a double top there before most likely retracing in that case or search for support once again at 0.455.
📢 As things are we've got a distance on our 200 EMA and we know how that line likes to rapple us back in sometimes. Some retracement is always healthy though as we know by now last thing we want to see is a mountain fall. If you know/ remember what a mountain fall by my terms is or remember let me know down below, genuinely curious.
📢 Anyway that should be the main thing we watch out for and if support can sustain even with resistance we may see a new channel/tug a war form in between 0.455 and 0.47. I'd definitely like to see that 0.47 be broken but we'd pull real far from that 200 EMA and it feels a bit too soon for that. If we fall I won't mind it considering how things are looking the next few months regardless but short term watch 0.45 and if a double top forms.
📢 If you'd like to leave a like or follow as always for my observations it's always appreciated. Does a lot and helps me grow best I can, thanks as always and wishing well.
~ Rock '
