⚡️Before we start this quick TA just want to say that I highly suggest checking out the linked previous TA so you guys can get an idea of what happened with this fall and understand the price action of things going forward and ahead.
⚡️Following up from our last idea in which we marked the support following the sell off as the idea linked below will show we ended up forming a lil' rally up from that. Here's that chart before:
⚡️Now here's the updated:
⚡️I'm sure you can see what's happened and played out. That rally brought us up to our previously marked resistance point of $19,551 on the dot before reversing back down having formed this closing wedge on the 5 minute chart:
⚡️Basically we want to break above that wedge and get a breakout, rather than get a fall below or loss which will move us further down by which then $18,690 is what to watch for support followed by $18,401 and $18,000 thereafter.
⚡️Gonna leave the idea here for now but if you'd like to leave a like or follow as always it'd be much appreciated, simply give it my best and do what I can!
~ Rock '
⚡️Following up from our last idea in which we marked the support following the sell off as the idea linked below will show we ended up forming a lil' rally up from that. Here's that chart before:
⚡️Now here's the updated:
⚡️I'm sure you can see what's happened and played out. That rally brought us up to our previously marked resistance point of $19,551 on the dot before reversing back down having formed this closing wedge on the 5 minute chart:
⚡️Basically we want to break above that wedge and get a breakout, rather than get a fall below or loss which will move us further down by which then $18,690 is what to watch for support followed by $18,401 and $18,000 thereafter.
⚡️Gonna leave the idea here for now but if you'd like to leave a like or follow as always it'd be much appreciated, simply give it my best and do what I can!
~ Rock '