Perfect week to start a trend change
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(BTCUSDT chart)
(1M chart)
(1W chart)
Looking at the StochRSI indicators on the 1M and 1W charts, we can see that a change in slope is occurring.
However, since it is located in the oversold or overbought zone, the trend is maintained.
Therefore, it is necessary to check whether the trend reversal of the StochRSI indicator on the 1M chart or 1W chart occurs according to this week's candlestick change.
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(1D chart)
The key is whether it can get support around 26574.53 and rise above 27496.02.
If it does not and falls below 26013.28, it is expected to lead to a sharp decline.
Important lines are passing across the 26013.28-27496.02 section.
Therefore, the 26013.28-27496.02 section can be seen as an important support and resistance section.
The short-term trend has reversed to the downside with a decline below the MS-Signal indicator.
However, since it is maintained above the MS-Signal indicator on the 1W chart, it maintains an upward trend from a mid- to long-term perspective.
On the 1M chart, the direction is still unknown as it spans the MS-Signal indicator.
Therefore, I think the ultimate key is where this month's candle closes and whether it can be supported and rise near the MS-Signal indicator on the 1M chart.
Therefore, from a long-term perspective, we should see if it can rise above 28923.63.
This is the beginning of a week with perfect conditions for a change in trend to occur.
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(BTCKRW chart)
It is necessary to check whether there is movement outside the 35539000-37821000 range.
Accordingly, the question is whether it can rise along the uptrend line (1).
If it doesn't and falls below 35539000, I would expect a decline around 32042000.
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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDT chart)
(1M chart)
(1W chart)
Looking at the StochRSI indicators on the 1M and 1W charts, we can see that a change in slope is occurring.
However, since it is located in the oversold or overbought zone, the trend is maintained.
Therefore, it is necessary to check whether the trend reversal of the StochRSI indicator on the 1M chart or 1W chart occurs according to this week's candlestick change.
--------------------------------------------------
(1D chart)
The key is whether it can get support around 26574.53 and rise above 27496.02.
If it does not and falls below 26013.28, it is expected to lead to a sharp decline.
Important lines are passing across the 26013.28-27496.02 section.
Therefore, the 26013.28-27496.02 section can be seen as an important support and resistance section.
The short-term trend has reversed to the downside with a decline below the MS-Signal indicator.
However, since it is maintained above the MS-Signal indicator on the 1W chart, it maintains an upward trend from a mid- to long-term perspective.
On the 1M chart, the direction is still unknown as it spans the MS-Signal indicator.
Therefore, I think the ultimate key is where this month's candle closes and whether it can be supported and rise near the MS-Signal indicator on the 1M chart.
Therefore, from a long-term perspective, we should see if it can rise above 28923.63.
This is the beginning of a week with perfect conditions for a change in trend to occur.
------------------------------------------
(BTCKRW chart)
It is necessary to check whether there is movement outside the 35539000-37821000 range.
Accordingly, the question is whether it can rise along the uptrend line (1).
If it doesn't and falls below 35539000, I would expect a decline around 32042000.
------------------------------
- big picture
A full-fledged uptrend is expected to start when it rises above 29K.
81K-95K is the range we expect to touch in the next bull market.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
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