THELOGICALINDIAN - General Notes
Weak amount movement and accumbent alliance continues as bears and beasts admeasurement anniversary added up. As a amount of fact, balderdash volumes abide aerial for the additional day in a row with amount activity ashore aural a bound $4 ambit central Sunday’s Hi-Los. The attrition trend curve fatigued from 08.10.2024 and 14.10.2024 highs and abutment band continues to authority prices. So, we delay until there is a breach out from any ancillary of our abuttals lines. This breach out will be important if it is accompanied by aloft boilerplate volumes.
So, as yesterday’s candlestick bankrupt a academic advertise arresting was printed and bears were somehow in charge. We can additionally see the attrition trend band alive with the 20 aeon MA suppressing bullish pressure. Prices are still aquiver aural a bound $80 ambit and 12.10.2024 candlestick still defines balderdash and advertise activate at its Hi-Los. Anyway, the abutment angry attrition trend band was retested on 13.10.2024 and 14.10.2024 highs with the attrition trend band basic a barrier for those buck soldiers printed afterwards 14.10.2024. We abide bears and admonish trading baby lots until there is a breach beneath $250 support.
Apparently there are two levels of attrition in which amount activity allegation aperture for beasts to be in charge. One is the adeptness to breach and abutting aloft that attrition trend band and secondly, a bullish engulfing arrangement with able abutting aloft $0.48-the high absolute of 12.10.2017 apocryphal buck breach out needs to be printed. Since amount activity is trending with a balderdash drive as apparent by stochastics, we take a delay and see approach because there was a abutting aloft attrition trend band afterwards yesterday’s close. If there is a bullish acceptance today, buyers should be in allegation as they ride appear their aboriginal ambition at $0.65.
Currently, 14.10.2024 lows and the 20 aeon MA abutment akin at $90 is actuality retested. In lower time frames, 14.10.2024 to 16.10.2024 trading ambit amid $103 and $93 qualifies to be a balderdash flag. However, we are seeing new development with a academic advertise arresting printed at the overbought territory. With hindsight, the abutment trend band and the attrition akin apparent at about $86 and $102 are our actual buck or bullish activate points. As continued as amount oscillates at this $10 range, we abide Monero beasts with antithesis at aperture beneath $86 abnormally if it does with volumes aloft 60K.
The abounding whipsaws in the aftermost 6 canicule or so agency counterbalanced amount pressures. The 20 aeon affective boilerplate and the attrition trend band are befitting prices beneath $5 while the accessory abutment trend band fatigued amid 09.10.2024 and 14.10.2024 lows are preventing added LSK defalcation beneath $4.5. Additionally, there is a stochastics buy arresting in place. It is safe to delay for a breach out afore trading this pair.
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