When tested 40k showed some absorption of demand during the last retracement of last month bearish candle. I expect it to go back to 30 k test the area again before seeing it maybe make another move up.
Out fresh of a re-accumulation with a beautiful spring, price made another test back upside our support zone showing absorption of supply and sign of strength, which for now make me read that its upward movement. Posting again showing the anatomy of a re-accumulation in not long when i get home
characteristic of re-accumulation. Going to post more informations about it in not long
A break of 1900-1910 would confirm me that we could consider 1920 as next target. For now it is showing absorption of supply at 1900, but i am keeping an eye on price to now break and retest under that zone because i would then get out of my buy and do another analysis. Going to update in a few hours about it.
Not much happened since the last idea posted about this. If it breaks upside 0.38 on a SOS, 0.44 is considered but we have to be careful since it acted as resistance level many times in the past. But more testing of 0.32 could happened before it does that, and if price breaks under it, it would be a sell. Bascially, what is see is - Really short time; sell -...
going to 0.74 by what price is saying. Would be careful around the 0.745 area, it showed absorption of demand and weakening of it in the past. would have to analyze there what sup
demand in power and as long that is is maintained and not going under 1900 I see it going straight to 1920
no reasons hold buys. This be pretty clean and clear but if you want more info write to me and i will post about it. But as we can see, one main thing is how supply in in power and how price consolidate between the wedge
market consolidating right now, and not giving us clear signs. but for now how I see it is; if it breaks upside 1890 with demand showing power my next target is gonna be 1900. And then maybe if this demand would maintain i would think about 1925 as another area. And if it would break under 1870 on signs of weakness, I would consider 1850 as next level.
with supply keeping a strong presence, I expect it to go back test again 30k and there imma evaluate how is the volume balancing. i STILL expect a retracement slightly upward before having it going down. Considering the pretty heavy supply and the struggle for the price to make some kind of move upward, even if we saw a stop in action at 30k and some slight...
if it breaks upside 1.21 I would evaluate supply demand balance to see if its showing interest in going upward, because a retracement to 1.25 remains a possibility as long as it doesn't break under 1.20 on a SOW
before retracing up to 50k and see what happens there at that area. Gonna highly monitor the charts day by day this week. And gonna start doing videos too. You can refer to the previous ideas for now (:
stop in action after a strong supply presence. Expecting retracement to 0.45 and gonna see how it reacts at these level. Looking for a sell entry if it breaks under 0.30
Showed stop in action at 2025.00 and then failure of breaking upside 2068. For many days. Careful before considering any sell cause expecting a retracement up and a redistribution before any move downward pursuing. I am short long term and expecting it to go to 1505 area