Hi!
Since the last Breakout which had all-time-high on 05/04/2021. I read the chart as following
due to massive selling pressure the 6th dynamic support/resistance guitar string failed to defend itself, so the string is cut.
Next we see a MACD crossover (left box)... this is why the 5th string is not eligible to act as a support due to high selling pressure after the crossover…
The 4th string of the guitar is the guard to resist any possible breakouts!
Now the green line... is just a support out of nowhere trying to hold/push the price higher, but this green line dude can't simply break through because of the guard of 4th string and not enough power of buyers :(
at the end of this boring story...
We notice the right box which is the MACD crossover(in case you know what it means!)
This box has some treasure, gold, diamonds, etc...
All the buyers will love to have this jewelry and buy it!
But are these buyers will buy jewelry and leave me to play my guitar?
Since the last Breakout which had all-time-high on 05/04/2021. I read the chart as following
due to massive selling pressure the 6th dynamic support/resistance guitar string failed to defend itself, so the string is cut.
Next we see a MACD crossover (left box)... this is why the 5th string is not eligible to act as a support due to high selling pressure after the crossover…
The 4th string of the guitar is the guard to resist any possible breakouts!
Now the green line... is just a support out of nowhere trying to hold/push the price higher, but this green line dude can't simply break through because of the guard of 4th string and not enough power of buyers :(
at the end of this boring story...
We notice the right box which is the MACD crossover(in case you know what it means!)
This box has some treasure, gold, diamonds, etc...
All the buyers will love to have this jewelry and buy it!
But are these buyers will buy jewelry and leave me to play my guitar?