☀️Rise and shine! We've got a quick TA in here for you as usual, yesterday we tested 0.46 and formed two resistance points there with our first managing to extend up to 0.46692 so just about 0.47 which isn't too bad. Markings wise my marks still do the job and we see how we did manage to keep support above the 0.455 mark which would have been the third fall and we know how the third move is most often an important directional indicator in crypto already and so did the bulls that bought in as well to keep us from falling.
☀️Main challenge now is gonna be to reclaim that 200 EMA but I see us doing well if we can figure that following all we've been dealt with the past few days already facing the brunt of the selling that hit a few times as bears tried to pull us down but Bull/whales coming in to put a stop to the falls. Anyway stuff isn't looking too bad but our next test is still to see whether or not we catch that 200 EMA or if we'll fail and retest the 0.45 mark of support.
☀️0.459 is our short term resistance we want to break and 0.455 will be the stop loss should we fall below that until we see ourselves regain our footing above if we do fall below. Leaving it at that for you guys since it's looking like price action is searching right now for what's next with volume being relatively low right now as traders wait to see. If you'd like to leave a like or follow it'd be much appreciated! Always doing my best and offering what I can with my ideas and all, make sure to keep posted for more as usual and have a great day!
~ Rock '
☀️Main challenge now is gonna be to reclaim that 200 EMA but I see us doing well if we can figure that following all we've been dealt with the past few days already facing the brunt of the selling that hit a few times as bears tried to pull us down but Bull/whales coming in to put a stop to the falls. Anyway stuff isn't looking too bad but our next test is still to see whether or not we catch that 200 EMA or if we'll fail and retest the 0.45 mark of support.
☀️0.459 is our short term resistance we want to break and 0.455 will be the stop loss should we fall below that until we see ourselves regain our footing above if we do fall below. Leaving it at that for you guys since it's looking like price action is searching right now for what's next with volume being relatively low right now as traders wait to see. If you'd like to leave a like or follow it'd be much appreciated! Always doing my best and offering what I can with my ideas and all, make sure to keep posted for more as usual and have a great day!
~ Rock '
