⚡️ Hope everybody is doing well as usual, you already know. Just coming through with a quick observational TA and update here for you guys on stuff even though we haven't had much trading activity lately. Been seeing the markets sitting relatively calm looking out for the next pivot. Below is the 5 minute chart just to get things moving and simplified for visual readers.
⚡️ Based on the data from our 5 minute chart we can gather that 0.50369 is a point of support for the coin currently though we've only seen this tested twice in the past 2 days so we can't necessarily label it as a strong support but nonetheless we can call it a support to keep an eye on for now should we fall below that by which then 0.499 is below and my next major support at 0.492.
⚡️ Resistance wise 0.51 is still pushing down on us whenever we try to break it as we've already made three attempts since the 7th to break it. That being said it isn't impossible but that being said please check out my 30 minute chart.
⚡️ By the chart we can clearly see how we're at this point by which we've lost the 200 EMA and will need some serious buying power to regain that 200 EMA though it seems like this could be the start of a fall unless we do manage to regain that 200 EMA soon. We can already see from past price action just how far we fall from the 200 EMA whenever we lose it and with the past few days we've formed a lower low vs our 0.54 attempt on the 5th so keep watch if we can regain that 200 EMA or if we'll continue to slip down.
⚡️ I'll stop the idea here since I wanted to keep things simple and this should be a good observational point to dwell on. If you'd like to leave a like or follow it'd be much appreciated and please keep an eye on my about me and links. Got some stuff soon to come!
~ Rock '
⚡️ Based on the data from our 5 minute chart we can gather that 0.50369 is a point of support for the coin currently though we've only seen this tested twice in the past 2 days so we can't necessarily label it as a strong support but nonetheless we can call it a support to keep an eye on for now should we fall below that by which then 0.499 is below and my next major support at 0.492.
⚡️ Resistance wise 0.51 is still pushing down on us whenever we try to break it as we've already made three attempts since the 7th to break it. That being said it isn't impossible but that being said please check out my 30 minute chart.
⚡️ By the chart we can clearly see how we're at this point by which we've lost the 200 EMA and will need some serious buying power to regain that 200 EMA though it seems like this could be the start of a fall unless we do manage to regain that 200 EMA soon. We can already see from past price action just how far we fall from the 200 EMA whenever we lose it and with the past few days we've formed a lower low vs our 0.54 attempt on the 5th so keep watch if we can regain that 200 EMA or if we'll continue to slip down.
⚡️ I'll stop the idea here since I wanted to keep things simple and this should be a good observational point to dwell on. If you'd like to leave a like or follow it'd be much appreciated and please keep an eye on my about me and links. Got some stuff soon to come!
~ Rock '
