move up to 1.285 to test more before dropping ?
Bearish as hell since Mars 2020 . Price has been moving on heavy volume supply making LL showing absorption of demand the almost one only time it retraced upward. It would take major buying interest to reverse price and they are showing none at all. They are not absorbing any the supply. What they be doing is selling intensively for almost a year and absorption demand. I expect price to keep on going lower.
- if it breaks 1.26 the next target to be 1.23 , and even expect it to drop to 1.15 on long term. But some retest upward of 1.28-285 before going downward
My danger point is 1.28-284, and I expect more test of that zone before dropping and even could see some wicking to 1.287
what I see on;
~ Monthly ; > I would repeat the same as upward. Seeing some absorption at 1.28-285 ; confirming that price want to go lower.
- Weekly;
> Last week candle closed with major wick rejection on heavy increasing supply at 1.284.
> Showing absorption of demand and demand failing to rise.
> supply volume overweighting overall in harmony with price not having been able to close 5 times in the past before upside 1.284 since the first week of December
Daily
> even if failed to break upside 1.284 fives times, demand and some small buyers are present. Or it could be sellers unloading or just not selling anymore for now , making the price go retest higher a bit before dropping more.
The minor absorption of supply currently happening at 1.277 tells me even more it needs to test more upward before moving down.
> demand not decreasing for now, telling me again will test and be wicking higher.
1 hour and 4 hours
Tell me again gonna test higher
> Showing some decreasing of supply while currently re-testing 1.278
BASICALLY, i am only bearish and selling IF
- price retest around 1.284 and show again fail to break upside the zone, decrease of demand as it approach and test higher, or absorption of demand.
OR
if it breaks under 1.27650
- if it breaks 1.26 the next target to be 1.23 , and even expect it to drop to 1.15 on long term. But some retest upward of 1.28-285 before going downward
My danger point is 1.28-284, and I expect more test of that zone before dropping and even could see some wicking to 1.287
what I see on;
~ Monthly ; > I would repeat the same as upward. Seeing some absorption at 1.28-285 ; confirming that price want to go lower.
- Weekly;
> Last week candle closed with major wick rejection on heavy increasing supply at 1.284.
> Showing absorption of demand and demand failing to rise.
> supply volume overweighting overall in harmony with price not having been able to close 5 times in the past before upside 1.284 since the first week of December
Daily
> even if failed to break upside 1.284 fives times, demand and some small buyers are present. Or it could be sellers unloading or just not selling anymore for now , making the price go retest higher a bit before dropping more.
The minor absorption of supply currently happening at 1.277 tells me even more it needs to test more upward before moving down.
> demand not decreasing for now, telling me again will test and be wicking higher.
1 hour and 4 hours
Tell me again gonna test higher
> Showing some decreasing of supply while currently re-testing 1.278
BASICALLY, i am only bearish and selling IF
- price retest around 1.284 and show again fail to break upside the zone, decrease of demand as it approach and test higher, or absorption of demand.
OR
if it breaks under 1.27650
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.