🔍 Been a lot going on in my life this month and you guys already knew that this month would be my busiest so in the least I'm happy to say that I'll be a lot more open and have more time to post frequently and delve into some new things too once we start this new year! So keep tuned for that and thanks for tuning in as always of course.
🔍 Regarding today's TA it seems that a descending wedge has formed though it almost looks to be a Bullish falling wedge as well though it would definitely be more dramatic in that case. Regardless the fact is we can see the wedge pretty clear and it's coincidentally brought us back to that final support band we've had down for a while now at 0.3384. We'll look to that for support in the next few hours and days depending on how stuff goes but definitely something to keep in mind as we could see a breakout happen.
🔍 Now while we've got that breakout possibility we also have to consider we can get rejected again by which then we'll look back at that final support band and have to face the possibility of falling below by which then it's really tough and should be considered a stop loss for most since you can always reenter if we lose that point and come back to it but if we lose it and fall below then I wouldn't be surprised to see a big drop for sure so have that noted.
🔍 I'll leave things here for now so I don't type out so much but I just wanted to give this quick overall TA. It isn't much but wanted to give you guys a clue of what I've observed and what we may be looking at. Thanks as always, if you'd like to leave a like or follow it'd be much appreciated, thank you.
~ Rock '
🔍 Regarding today's TA it seems that a descending wedge has formed though it almost looks to be a Bullish falling wedge as well though it would definitely be more dramatic in that case. Regardless the fact is we can see the wedge pretty clear and it's coincidentally brought us back to that final support band we've had down for a while now at 0.3384. We'll look to that for support in the next few hours and days depending on how stuff goes but definitely something to keep in mind as we could see a breakout happen.
🔍 Now while we've got that breakout possibility we also have to consider we can get rejected again by which then we'll look back at that final support band and have to face the possibility of falling below by which then it's really tough and should be considered a stop loss for most since you can always reenter if we lose that point and come back to it but if we lose it and fall below then I wouldn't be surprised to see a big drop for sure so have that noted.
🔍 I'll leave things here for now so I don't type out so much but I just wanted to give this quick overall TA. It isn't much but wanted to give you guys a clue of what I've observed and what we may be looking at. Thanks as always, if you'd like to leave a like or follow it'd be much appreciated, thank you.
~ Rock '