Looking for a sell Pullback as the value sits on my major resistance level
LOOKS like the pair is sitting on my Major Resistance Zone.
I used Naked Trading Strategy with this pair. Black Bold lines are the Daily SR Key Levels while the red broken lines are the 4H key Levels. Now the Value of this pair is sitting on my Major Daily Support, and Now I am looking to buy till my red dotted line (minor resistance), If it is broken, possible bullish continuation.
I am expecting a 100% retracement from my fibbs. Now, I am looking for a pullback till my yellow line. If the line is rejected, possible sell continuation long term for this pair.
If my analysis is right, it is going to be a possible bullish continuation long term
base on my technical analysis, Cryptos are not yet a good time to buy.
TECHNICAL ANALYSIS EXPLAINED: THE RED INDECISION CANDLE IS VERY ALARMING AS IT SITS ON MY DAILY FIBBS EXTENTION LEVEL AND BREAK AND RETEST FROM THE 100% LEVEL DID NOT HAPPENED YET. COULD IT BE A BIG CRASH ON CRYPTOS? POSSIBLE CONTINUATION COULD HAPPEN ALSO IF THE INDECISION CANDLE WILL BE BROKEN TO THE UPSIDE.
Looks like it is a good time to buy Again, Bullish Pinbar Confirmation.