Hi Traders,
So a build up where we left off on our Youtube Crypto Market Update sent out earlier today.
Prices have made the impulse leg up over night and now correcting slightly but still holding bullish sentiment. Prices corrected to the 0.382 FIB level as well as grabbing liquidity from order blocks acting as support. Prices re tested the top of the impulse leg up and corrected back to the 0.382FIB for the 2nd time and now testing shorter term order blocks as resistance.
As you can see on the chart there is a larger order block just below which will act as next support and if prices can maintain this level we may see a bullish triangle form which would give us the breakout to the trend line above.
Thanks
MS
So a build up where we left off on our Youtube Crypto Market Update sent out earlier today.
Prices have made the impulse leg up over night and now correcting slightly but still holding bullish sentiment. Prices corrected to the 0.382 FIB level as well as grabbing liquidity from order blocks acting as support. Prices re tested the top of the impulse leg up and corrected back to the 0.382FIB for the 2nd time and now testing shorter term order blocks as resistance.
As you can see on the chart there is a larger order block just below which will act as next support and if prices can maintain this level we may see a bullish triangle form which would give us the breakout to the trend line above.
Thanks
MS
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.