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Prices and everybody that is watching my videos regularly knows exactly what to pay attention to but if you’re new do not worry I will show you exactly what we pay attention to and what the trading plan is going to be we have some key levels to the upside some key levels to The downside we’re going to have a look at the burning later on as well and of course at coin marker cap and I can already tell you Luna classic is trending yet again which is amazing but before we get into the video guys I actually have some news for you we Actually have a new event going on on bitget and I’m very happy to offer you this a 25 trading fee discount you won’t find this anywhere else uh really really big shout out to bitkit for making this possible and also really nice trading bonus they also have a 400 million Dollar Security fund which is in my opinion one of the biggest key things about bitcat which is really amazing no kyc so you can stay Anonymous and yeah the the fee discount is really I think the best thing for especially for the long run so check it out take advantage Of these offers we also have some nice deals on Maxi going on right now the Links are all in the description and now let’s get here into the update so let’s start this off with the most important resistance and that is of course yet again the EMA ribbon on the four hourly Chart we can first of all see we have clearly been trending to the downside we have also most of the time been trading below the EMA ribbon ever since we lost them that was back here on the 19th of April and ever since I was making very Clear that this is such a big resistance and we really need to remain patient whilst we really get above these levels otherwise there is really no reason yet to be bullish because every time we got above the EMA ribbon we just got a vehicle right we Trace all the way below Again just confirming how big of a resistance they are right now then on top of that we also have our macro zone right here at 8522 and we can clearly see that this weekend and even Friday yesterday lunar classic was kind of struggling to really not just get above The EMA ribbon which clearly act as a resistance here um but also the horizontal resistance right here a very important level so this is right now another resistance kind of adding Confluence to the EMA ribbon and on top of that we also still have the diagonal resistance ahead of us Which is another very important key level that we know must cross to the upside and I want to emphasize when this doesn’t happen I do not turn bullish I want to see a break above these levels so now is not yet the reason and I mean Not the not the moment to be bullish and we also can very much still expect the drop to the downside at least to eight to one four because this is the bottom of this triangle pattern which is very important to have a look at we had some bullish divergences but these already Played out we had some lower lows on the price but actually higher lows on the RSI but we can still clearly see them Market structure is bearish we’re making clearly lower lows lower highs lower lows lower highs consistently and right now lunar classic is not that strong on Bitcoin of course also something you want to pay attention to um right here at 27 326 if you join the Discord I was talking about this level quite some time I was shorting this every single time it gave me so many trades and it seems like yet again this Is actually acting as a resistance even here it’s acting as a resistance so that is a very important level that we know must cross to the upside so that’s also going to be a very important factor for pushing Luna classic to the upside because Luna classic alone is really not That strong at the moment we need we really need some outside Catalyst to push the price to the upside on the daily chart we can I think on the daily chart we can see this very well this triangle pattern is really beautiful right here we are clearly being rejected Every time we get into the uh resistance the diagonal resistance up here and also if we now look at the daily chart we can clearly see the Luna classic has really struggling to get back into this zone right here now this is a really important Zone we can clearly see we Have pretty big rejections I mean reactions back here not rejections I had a pretty long day today so uh sorry if I do some mistakes right now I just had a lot of meetings um anyway so what I wanted to say is this is a really important zone right that’s basically The key thing here every time we got a buff we actually we traced back into the Zone every time we got below we got back into the Zone but what we can see right now is a little bit concerning because we did go to the downside while we didn’t yet the bearish Follow-up what we also didn’t see is some bullish reaction because here we can see we dropped down bullish reaction got back in we dropped down bullish reaction drop down bullish reaction and vice versa at the top bullish I moved to the upside bearish reaction right bullish to the upside bearish but then Again bullish to the upside and then bearish down um so this is lunar classic is really indecisive right now so I wouldn’t necessarily long or short Luna classic I would really remain patient and really wait for a clear break out of this pattern I think that is the most Important thing right now for lunar classic EMA Robin on the daily chart still a massive level and I’ve been talking about this too for for quite some time that in order to really scale up positions we must cross them to the upside as well now for the burning we Actually have been burning quite a lot binance burn again 1.13 billion I think we talked about this too now the last two days we had 95 today we have 71 million which is okay but we would love to see of course more and since the 29th of May we actually burned Almost 2 billion which is really great to see but obviously compared to the overall Supply this still needs to increase a lot now on karmark cap we can see lunar classic still trending which is way to see rank 18 but the volume is overall not actually 30 days was done 18.89 but here volume is down 14 yet again uh but on the weekend we always got to prepare for lower volume but overall lunar classic is really not that strong right now so we need to get some more bias into the market because as of now I don’t see Luna classic pushing to The upside um just alone so we need some sort of news maybe UC news even maybe maybe even Bitcoin pumping but Luna classic right now is not that strong but I gave you all the levels that I’m paying attention to um other than that not too much has Changed I will of course update you tomorrow again um if tomorrow a lot happens I will of course make a bigger update if tomorrow not really anything changes there will be again a shorter update but the key thing here is we want to change Market structure on The Farley chart especially We can see here lower low slower highs then we want to get above the EMA ribbon we want to get above the diagonal resistance and we want to see some more buying power that’s pretty much for this update guys don’t forget the links in the description really nice event on Bitget right now big shower to them 25 fee discount which is amazing especially in the long run you’re really going to save a lot with that and a 13 000 dollar bonus which is actually split into 8 000 in deposit bonuses and then another 5004 tasks and the 8000 is just for our Community and everybody else can just get 5 000 so if you are actually using the link in the description you can get both of these 400 million dollar Security fund and no kyc and overall really great exchange check them out the link is in the description that’s it for This video guys as always thank you so much for watching and see on the next one goodbye 📈 *Trade on Bitget with 25% Discount and $13,000 Bonus* 👉 https://bit.ly/Bitget-13000 👉 $13,000 Bonus ($8000 deposit + $5000 tasks) 👉 25% 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