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SATS took Liquidity from previous daily swing low and went into consolidation for weeks… It’s currently showing signs of a Bullish move, after grabbing liquidity and Changing character… we could see a potential Buy pressure for a short while, and for SATS to flip completely Bullish, it has to break a major resistance zone

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Price has been declining for weeks since price failed to break above the previous swing high. 0X0 is currently approaching a crucial support zone on the 1D time frame… expecting this zone to hold and push to the upside if not, we might see a new All time Low. Time will tell…

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On a closer look, The 1D high and low has been marked out from the sweep, to its most recent swing point where price reacted off, with its Low causing a Change of Character to the Upside.

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I noticed there hasn’t been a recent update on this pair, so I had to. On the 1D time frame, this pair has been Bearish for quite sometime now, it’s starting to show signs of reversal for a Bullish move, walk with me as we carry out a top down analysis on it’s next possible move.

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On A Higer time frame we can see Price Descending, but a clear return to Supply zone for a continued Sell