Nothing exactly too new or exciting, though as we we're talking about in yesterday's idea, we did in fact grab onto that 200 EMA and held onto it which has brought us up to that resistance point of 0.486 which we've been rejected at. Here's yesterday's chart and idea link if you want to check it out or compare it to today's by the way before we continue:
0.456 is that point where we'll wanna see support keep us above so we can figure that next leg up should we fall down to that point. I definitely expect a bit of retracement following this move up and look to find the next mountain half but chances are that the next drop we get won't be as low as what we just experienced and will find support sooner rather than later if that makes sense.
I've added a quick little black trend line which we've gone along so that's something to note should we fall below which is likely gonna happen soon. It's acted as a support but can just as easily act as the opposite and help bears send us down so you'll want to mark that down. Leaving the idea here for now to keep things short but if you'd like to leave a like or follow it'd be much appreciated, simply offering what I can and my ideas. None of this is financial advice and just a rock's take on all. Thank you.
~ Rock '
0.456 is that point where we'll wanna see support keep us above so we can figure that next leg up should we fall down to that point. I definitely expect a bit of retracement following this move up and look to find the next mountain half but chances are that the next drop we get won't be as low as what we just experienced and will find support sooner rather than later if that makes sense.
I've added a quick little black trend line which we've gone along so that's something to note should we fall below which is likely gonna happen soon. It's acted as a support but can just as easily act as the opposite and help bears send us down so you'll want to mark that down. Leaving the idea here for now to keep things short but if you'd like to leave a like or follow it'd be much appreciated, simply offering what I can and my ideas. None of this is financial advice and just a rock's take on all. Thank you.
~ Rock '
