🔥 Hey! Just coming through with another TA here for you guys as usual. Hope everybody is doing well and without further a due I'll start.
🔥 Yesterday's idea we added that new mark at 0.47420 marking that it'd be a resistance basing upon past price action the day before which so far has proven right as we've failed to break that. Instead we've been dealing with some low volume trading as traders wait while bulls and bears fight for that 200 EMA.
🔥 That being said it seems we've already lost the 200 EMA which makes sense since we didn't make any progress back up and if we're being fair anyway, just looking at past price action bears usually win these tug a war fights with bulls usually winning later with some big impulse waves so it's understandable.
🔥 Now what matters, is to be watched should be those markings at 0.45 and 0.474 for resistance. Aside from 0.45 which is below. Here's the 1 minute chart attached.
🔥 Can see from the chart just how things are looking a bit tough. We've lost that 200 EMA again on the 1 minute and those 20/50 EMA's are already starting to flip again. We want to at least bounce off the 0.45 for some support and hopefully regain the 200 EMA in the process. I'd set an alert for 0.45 in case of anything.
🔥 Have to attend to some stuff so I'll leave the idea here for now but if you like the observation and would like to leave a like or follow it'd be much appreciated as always, thank you and have a blessed day. With all the best.
~ Rock '
🔥 Yesterday's idea we added that new mark at 0.47420 marking that it'd be a resistance basing upon past price action the day before which so far has proven right as we've failed to break that. Instead we've been dealing with some low volume trading as traders wait while bulls and bears fight for that 200 EMA.
🔥 That being said it seems we've already lost the 200 EMA which makes sense since we didn't make any progress back up and if we're being fair anyway, just looking at past price action bears usually win these tug a war fights with bulls usually winning later with some big impulse waves so it's understandable.
🔥 Now what matters, is to be watched should be those markings at 0.45 and 0.474 for resistance. Aside from 0.45 which is below. Here's the 1 minute chart attached.
🔥 Can see from the chart just how things are looking a bit tough. We've lost that 200 EMA again on the 1 minute and those 20/50 EMA's are already starting to flip again. We want to at least bounce off the 0.45 for some support and hopefully regain the 200 EMA in the process. I'd set an alert for 0.45 in case of anything.
🔥 Have to attend to some stuff so I'll leave the idea here for now but if you like the observation and would like to leave a like or follow it'd be much appreciated as always, thank you and have a blessed day. With all the best.
~ Rock '
