Short. Range bound trading over. Sellers moving to lower lows.
Hello Traders a nightly update.
As all my previous targets in my last charts have all been hit as you can see. We are still in the aftermath of a strong price rejection above $6800 until now until the major support between $6293 and $6256 I mention in my previous charts is all we seen hold so far. We have some weak buy volume testing the support here and being absorbed by the sellers and $6,400 being rejected. All my previous targets from my last chart have played out perfectly. Hope you all have profited!! If you like this chart and my others please give a like and a follow.
Seems to have been some room made on the RSI for it to be pretty far from Oversold and now testing the near Equilibrium level. Pennant seems to be forming right around our Upward Bottom Trend Wall after the Break
Possible in the $5,960 to $5,935 area which seems to coincide with a measured move down from our previous impulse move down we saw over the weekend or at the start of the week. We also have an important big round number PSR at $6,000 which also lines up with the 78.% Fib Retracement of the brief Upward Trend Channel in the TA.
If you found my previous chart and this one helpful please give a like and a follow. Everything we provide is free and for the betterment of the community. Remember everyday, new data. Hope to see you in our open community discord we are looking for other like minded individuals who are interested in the betterment of the space to contribute too. Lets take back the power!!
Stay Frosty!!
Thank you!!
As all my previous targets in my last charts have all been hit as you can see. We are still in the aftermath of a strong price rejection above $6800 until now until the major support between $6293 and $6256 I mention in my previous charts is all we seen hold so far. We have some weak buy volume testing the support here and being absorbed by the sellers and $6,400 being rejected. All my previous targets from my last chart have played out perfectly. Hope you all have profited!! If you like this chart and my others please give a like and a follow.
Seems to have been some room made on the RSI for it to be pretty far from Oversold and now testing the near Equilibrium level. Pennant seems to be forming right around our Upward Bottom Trend Wall after the Break
Possible in the $5,960 to $5,935 area which seems to coincide with a measured move down from our previous impulse move down we saw over the weekend or at the start of the week. We also have an important big round number PSR at $6,000 which also lines up with the 78.% Fib Retracement of the brief Upward Trend Channel in the TA.
If you found my previous chart and this one helpful please give a like and a follow. Everything we provide is free and for the betterment of the community. Remember everyday, new data. Hope to see you in our open community discord we are looking for other like minded individuals who are interested in the betterment of the space to contribute too. Lets take back the power!!
Stay Frosty!!
Thank you!!