This is a Hekein Ashi Chart, Great for seeing Trend direction.
Each candle opens at the centre line of the previous candle and so we can see direction clearly.
Main chart is a 4 Hour chart and we see that PA has risen above the Local VWAP ( off the recent Low) and is now heading towards the 3rd Multiple ( Red lines)
Notice how PA can be rejected off these.
Also notice that descending Red line, that is a .236 Fib Circle.
This could be strong rejection.
As a consequence, we have a potential local rejection zone around 75K -> 77K Usdt
The Same chart as a Daily
On this chart we see PA already on the 3rd Multiple High off the local VWAP
As a result, it shows Rejection, if it will happen, is likely Early in the weekend....
But PA may continue up through it all..
We just have to wait....
For me, I feel Rejection is more likely and PA will just continue to bounce around in Range.....
HOWEVER, I can be wrong and PA is more than able to push through if the Bulls arrive and we could break through those Fib Circles But the Volume IS required to be able to sustain this.
Rememeber, Next week is the FED interest rate decision........
PA may wait..............
Each candle opens at the centre line of the previous candle and so we can see direction clearly.
Main chart is a 4 Hour chart and we see that PA has risen above the Local VWAP ( off the recent Low) and is now heading towards the 3rd Multiple ( Red lines)
Notice how PA can be rejected off these.
Also notice that descending Red line, that is a .236 Fib Circle.
This could be strong rejection.
As a consequence, we have a potential local rejection zone around 75K -> 77K Usdt
The Same chart as a Daily
On this chart we see PA already on the 3rd Multiple High off the local VWAP
As a result, it shows Rejection, if it will happen, is likely Early in the weekend....
But PA may continue up through it all..
We just have to wait....
For me, I feel Rejection is more likely and PA will just continue to bounce around in Range.....
HOWEVER, I can be wrong and PA is more than able to push through if the Bulls arrive and we could break through those Fib Circles But the Volume IS required to be able to sustain this.
Rememeber, Next week is the FED interest rate decision........
PA may wait..............
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.