Quick Morning TA for you guys here, but before we get in let's check out the 3 minute chart and what it's showing us right now:
⚡️We can see that three times already we have hit that resistance at 0.39 and we back at that 0.38 point which seems to be a decisive mark for us on whether or not we break up or down and it doesn't help that it looks like we're about to lose that 200 EMA on the three minute and 15 minutes if support doesn't find itself.
⚡️On top of that our 20/50 EMA's have already flipped and once that happens you require a lot of buying support to prop the price back to in order to flip them back up so I want you guys to be aware of that and watch out for any dead cat bounces which may hit us so if you see us going up don't be so confident or do anything irrational without considering that 0.38 point. Watch if we simply lose it by which we'll fall or if we end up sideways trading or move back above it, either way this is proving to be a rather strong resistance point once we break below so we need to break above to consider what could happen next moving up else we'll likely bounce down before finding support depending on whether or not we lose that 200 EMA on the 15 minute.
⚡️Gonna leave the idea here but that's what you guys need to know for now and be aware of, if you'd like to leave a like or follow it'd be much appreciated and definitely be sure to check out the previous idea below and hit that play button to see what happened! We noted how we we're losing that 200 EMA on the 15 and what happened after was that fall to 0.34 so that same scenario could play out here again though!
~ Rock '
⚡️We can see that three times already we have hit that resistance at 0.39 and we back at that 0.38 point which seems to be a decisive mark for us on whether or not we break up or down and it doesn't help that it looks like we're about to lose that 200 EMA on the three minute and 15 minutes if support doesn't find itself.
⚡️On top of that our 20/50 EMA's have already flipped and once that happens you require a lot of buying support to prop the price back to in order to flip them back up so I want you guys to be aware of that and watch out for any dead cat bounces which may hit us so if you see us going up don't be so confident or do anything irrational without considering that 0.38 point. Watch if we simply lose it by which we'll fall or if we end up sideways trading or move back above it, either way this is proving to be a rather strong resistance point once we break below so we need to break above to consider what could happen next moving up else we'll likely bounce down before finding support depending on whether or not we lose that 200 EMA on the 15 minute.
⚡️Gonna leave the idea here but that's what you guys need to know for now and be aware of, if you'd like to leave a like or follow it'd be much appreciated and definitely be sure to check out the previous idea below and hit that play button to see what happened! We noted how we we're losing that 200 EMA on the 15 and what happened after was that fall to 0.34 so that same scenario could play out here again though!
~ Rock '
