🔥Morning TA here for you guys going at it. Been a bit but wanted to throw this in best I could for you guys. I haven't had to add any new marks at all yet since it looks like we're still flowing in tandem with our current ones for support and resistance points as we cross and fight each one.
🔥Buyers managed to push through 0.379 to overcome that resistance that had kept pushing us down breaking through for what's been a pretty remarkable run up I'd say that's pulled us up to our next historical mark of 0.396 where we've seen resistance time and time again. This could be what makes or breaks us right now. Whether or not we break past that or fail again and get pulled back down to retrace which honestly would be preferred as it'd imply some natural trading action.
🔥The fact of the matter is that eventually we'll have to retrace and come back to our 200 EMA at least a bit before we can continue buying pressure if so otherwise we simply risk too much breaking up and up further extending the possibility of a 'mountain fall' as we call them here. Check out our minute chart below:
🔥The minute chart shows a lot more detail and lets us know 0.39627 is our resistance as has been retested already a few times. So we've semi lost the 200 EMA on the minute chart but not the 3 minute so that wouldn't be a bad timeframe to watch next in the case that we expect a retracement since we'll have to lose that 200 EMA first in order to do so before recovering but simply keep note of that as well as 0.379 which should act as a support should we fall back down to that level again.
🔥I'll leave the observation here for now so that you guys can get going with your business and all but thank you for taking the time to read this, if you'd like to leave a like or follow it'd be much appreciated as always, thank you and wishing the best.
~ Rock '
🔥Buyers managed to push through 0.379 to overcome that resistance that had kept pushing us down breaking through for what's been a pretty remarkable run up I'd say that's pulled us up to our next historical mark of 0.396 where we've seen resistance time and time again. This could be what makes or breaks us right now. Whether or not we break past that or fail again and get pulled back down to retrace which honestly would be preferred as it'd imply some natural trading action.
🔥The fact of the matter is that eventually we'll have to retrace and come back to our 200 EMA at least a bit before we can continue buying pressure if so otherwise we simply risk too much breaking up and up further extending the possibility of a 'mountain fall' as we call them here. Check out our minute chart below:
🔥The minute chart shows a lot more detail and lets us know 0.39627 is our resistance as has been retested already a few times. So we've semi lost the 200 EMA on the minute chart but not the 3 minute so that wouldn't be a bad timeframe to watch next in the case that we expect a retracement since we'll have to lose that 200 EMA first in order to do so before recovering but simply keep note of that as well as 0.379 which should act as a support should we fall back down to that level again.
🔥I'll leave the observation here for now so that you guys can get going with your business and all but thank you for taking the time to read this, if you'd like to leave a like or follow it'd be much appreciated as always, thank you and wishing the best.
~ Rock '