let me explain to you what these candles mean
WHITE ARROW: breakdown candle - price has failed to move higher (bearish signal)
PINK ARROW: bulls first attempt to reverse ends up leading lower (bearish)
GREEN ARROW: small movement but huge volume candle is indication of alot of indecision in markets but candle ends up being mainly a bearish one indicating bears are in control (bearish obv)
+
strong sell volume with little show of bullish strength.
unless we see a massive buy wave/convincing break of blue line, this is going down
im eyeing 103500ish as possible bounce area but this is very tentative.
not financial advice.
stay safe.
PINK ARROW: bulls first attempt to reverse ends up leading lower (bearish)
GREEN ARROW: small movement but huge volume candle is indication of alot of indecision in markets but candle ends up being mainly a bearish one indicating bears are in control (bearish obv)
+
strong sell volume with little show of bullish strength.
unless we see a massive buy wave/convincing break of blue line, this is going down
im eyeing 103500ish as possible bounce area but this is very tentative.
not financial advice.
stay safe.
Komen:
nothing convincing yet, keep an eye out. will breakout soon if it is going to.
Komen:
looking better now actually, eth is a better long if you are looking for entries
