Update for XMRUSD "Thinking Out Loud"
The volume has decreased quite a bit; this can also be seen by the BB's [I'll be sure to bring them forward "visually" in an upcoming chart.
I'm going on a theory to see if the the shape (track) of the candles will play out as I have depicted with the yellow lines. Note, I only depicted the high and low points; NOT the battles that go on in between.
I will try my best to explain this with text bubbles in more charts to come.
The following chart is an example of what could play out in between...
A little humor, then back to work: He ends up holding a big ass bull flag...
I'm going on a theory to see if the the shape (track) of the candles will play out as I have depicted with the yellow lines. Note, I only depicted the high and low points; NOT the battles that go on in between.
I will try my best to explain this with text bubbles in more charts to come.
The following chart is an example of what could play out in between...
A little humor, then back to work: He ends up holding a big ass bull flag...
הערה
Yeah, the ole head and shoulders....הערה
Expecting a bit of a hold back at $13.85 [Top of Left Shoulder]; then a fall back to around $13.07 but "finish" above it to to for $15.07 [Top of the Head].הערה
הערה
Placed a pitchfork for buy/sell points...הערה
Red arrow to point when to stop using that pitchforkהערה
I believe that pitchfork needed to be tighter than what I had it initially...הערה
One final closeup of that pitchfork up to its stopping point at the red arrow. הערה
Major update to XMRUSD with two possible options to play out [Marked by yellow and aqua blue lines]. Vertical Time Lines have been included to provide a calendar of potential events to unfold. הערה
We have MAJOR RESISTANCE at the $13.50 to $14.15 level. That will be quite a battle to overcome. It may continue along that line for several days (5 to 8 days between $13.50 and $14.50 range before any major moves afterwards.הערה
Play has definitely gotten tighter. Pitch Fork within a Pitch Fork:
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.