Should We continue Holding The Bull Horn?
Weekly Time-frame
The dump started as what we have predicted yesterday. The bears won the supply greater than the demand. We still have support in EMA Ribbon and bouncing from there. AO is still bullish. We might test the major demand zone and push the price higher or break the demand and drop base drop will be possible.
1D Time-frame
We are finding support in the demand zone $44,487. We are now seeing a red volume for correction. Look how delayed the indicators are if we base our TA from them we cannot make money at all. It's good we are using supply and demand and we made profit from last night's trade. EMA ribbon waiting at $43,609.
4H Time-frame
We are inside the cloud and it is the thinnest part of the cloud where most probably we can pass through it to the downside. AO is now printing negative volume. RSI is also oversold currently. We are currently finding support in the high volume node in the VPVR. If we hold this line we can bounce from here meaning we just test the demand area to fly and get a new all time high.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
The dump started as what we have predicted yesterday. The bears won the supply greater than the demand. We still have support in EMA Ribbon and bouncing from there. AO is still bullish. We might test the major demand zone and push the price higher or break the demand and drop base drop will be possible.
1D Time-frame
We are finding support in the demand zone $44,487. We are now seeing a red volume for correction. Look how delayed the indicators are if we base our TA from them we cannot make money at all. It's good we are using supply and demand and we made profit from last night's trade. EMA ribbon waiting at $43,609.
4H Time-frame
We are inside the cloud and it is the thinnest part of the cloud where most probably we can pass through it to the downside. AO is now printing negative volume. RSI is also oversold currently. We are currently finding support in the high volume node in the VPVR. If we hold this line we can bounce from here meaning we just test the demand area to fly and get a new all time high.
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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