đ„Hey guys,
đ„Just wanted to give this quickly before going to bed in case of any major actions overnight but right now's just gonna be one of those points that's gonna be pretty interesting to watch and pretty important being as we are at a new intersection between our 20 and 50 EMA's.
đ„What happens from now is gonna be pretty important for the short term at least and possibly the longer term depending on how we move but it's important to note that not only do we have that intersection of the 20/50 EMA's but we also have the mini wedge that's formed and that could definitely form the next move whether or not we exit and break out up or fall down as heikin is indicating that there is definitely some resistance here though that could also simply be thanks to whales.
đ„Whatever the case may be the wedge is important as the EMA's and both will likely influence each other, if our 20 (blue) ema can't cross above the 50 (red) then we can definitely expect for a fall to happen that would have us falling below this wedge and having those EMA's flip as right now is that deciding point for the two and the final point of the tug a war for now you can say.
đ„Either way we've seen support really kick in these past few days and my personal hope is that we can exit the mini wedge here and form a breakout which wouldn't be too out of the question though that's ultimately based on what whales choose to do next but we know they like to surprise the market and this would no doubt be a surprise to some, especially those with short positions but I'm just gonna leave the idea here as you basically just have to watch those EMA's and that wedge as the next move will decide a bit no doubt.
đ„Thanks for tuning in, I know these ideas may not always be perfect but I really do what I can with them so thank you for tuning in, if you'd like to leave a like or follow it'd be much appreciated. Thank you.
~ Rock '
đ„Just wanted to give this quickly before going to bed in case of any major actions overnight but right now's just gonna be one of those points that's gonna be pretty interesting to watch and pretty important being as we are at a new intersection between our 20 and 50 EMA's.
đ„What happens from now is gonna be pretty important for the short term at least and possibly the longer term depending on how we move but it's important to note that not only do we have that intersection of the 20/50 EMA's but we also have the mini wedge that's formed and that could definitely form the next move whether or not we exit and break out up or fall down as heikin is indicating that there is definitely some resistance here though that could also simply be thanks to whales.
đ„Whatever the case may be the wedge is important as the EMA's and both will likely influence each other, if our 20 (blue) ema can't cross above the 50 (red) then we can definitely expect for a fall to happen that would have us falling below this wedge and having those EMA's flip as right now is that deciding point for the two and the final point of the tug a war for now you can say.
đ„Either way we've seen support really kick in these past few days and my personal hope is that we can exit the mini wedge here and form a breakout which wouldn't be too out of the question though that's ultimately based on what whales choose to do next but we know they like to surprise the market and this would no doubt be a surprise to some, especially those with short positions but I'm just gonna leave the idea here as you basically just have to watch those EMA's and that wedge as the next move will decide a bit no doubt.
đ„Thanks for tuning in, I know these ideas may not always be perfect but I really do what I can with them so thank you for tuning in, if you'd like to leave a like or follow it'd be much appreciated. Thank you.
~ Rock '
