SR region highlighted by the two blue lines labelled 1D - where they outline candle bodies of a red candle which has two green candles either side, second of which engulfs it
We have multiple OB's highlighted on the top - 1D, 4H, 15m, all of which have pretty major wicks which have not reached the OB's - stops on shorts will be here thus lots of liquidity
Claim of SR should move up to 1D OB - although the 0.61 and 0.65 fibs line up quite well with the macro 3.0 fib so should be strong resistance here
Expect slight pull backs the OB regions, creation of new S&D (supply and demand) as we head to the 1D OB - this might be the cap for this pretty bullish leg up though - lines up just above the 0.718 which was the same region which capped first leg up from bounce from 30K after correction from 40K
Lets see....
Quick notes - tons of alts are breakout out of their corrective downphases - link dot aave bnb all have, many more too in the coming days!
We have multiple OB's highlighted on the top - 1D, 4H, 15m, all of which have pretty major wicks which have not reached the OB's - stops on shorts will be here thus lots of liquidity
Claim of SR should move up to 1D OB - although the 0.61 and 0.65 fibs line up quite well with the macro 3.0 fib so should be strong resistance here
Expect slight pull backs the OB regions, creation of new S&D (supply and demand) as we head to the 1D OB - this might be the cap for this pretty bullish leg up though - lines up just above the 0.718 which was the same region which capped first leg up from bounce from 30K after correction from 40K
Lets see....
Quick notes - tons of alts are breakout out of their corrective downphases - link dot aave bnb all have, many more too in the coming days!