Quick update for you:
Fartcoin took out the initial high at 1.46 several times but we are only seeing swing failures. We do not see the price closing several candles above the pmVAH and pwPOC for an attempt to build value, to then swing up for higher prices.
As long as we spend the majority of time below these levels, I am still looking towards the pwPOC below, maybe even 0.96 ish to fully take all the liquidity.
The price is ranging here (blue). If it breaks down, we will keep observing the potentially big range (white) for future price movements.
So nothing has really changed here. We know what to look out for.
Fartcoin took out the initial high at 1.46 several times but we are only seeing swing failures. We do not see the price closing several candles above the pmVAH and pwPOC for an attempt to build value, to then swing up for higher prices.
As long as we spend the majority of time below these levels, I am still looking towards the pwPOC below, maybe even 0.96 ish to fully take all the liquidity.
The price is ranging here (blue). If it breaks down, we will keep observing the potentially big range (white) for future price movements.
So nothing has really changed here. We know what to look out for.
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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.
Related publications
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.