Curvedtrendline
Short Term Pain / Long Term GainsThe current short term outlook for DOMO doesn't appear to be great.
Taking a step back to look at the longer trend makes this chart a lot more bullish .
Two lines of curved resistance have been added to reinforce this idea.
Could plausibly roll into something like a Cup & Handle , but not enough information/confirmation to chart that.
Pivots have been added just because, although I've seen charts where that are more informative.
$10 is a significant price level so I added that.
It also appears to be relatively where the completion of this Bear Flag would be if it goes through on Opening Bell.
The demise of First Republic Bank perhaps would almost assuredly send it to this price range as well.
The overarching fear for the tech/startup space is no room for parking cash.
This could drastically disturb any noted trends here.
Yes, this is a repost, but for some reason the chart was blank until it was clicked on prior.
Tell me if I'm wrong. I don't mind.
Please don't ad hominem though.
DYOR/DYOC.
Short Term Pain / Long Term GainsThe current short term outlook for DOMO doesn't appear to be great.
Taking a step back to look at the longer trend makes this chart a lot more bullish.
Two lines of curved resistance have been added to reinforce this idea.
Could plausibly roll into something like a Cup & Handle, but not enough information/confirmation to chart that.
Pivots have been added just because, although I've seen charts where that are more informative.
$10 is a significant price level so I added that.
It also appears to be relatively where the completion of this Bear Flag would be if it goes through on Opening Bell.
The demise of First Republic Bank perhaps would almost assuredly send it to this price range as well.
The overarching fear for the tech/startup space is no room for parking cash.
This could drastically disturb any noted trends here.
Tell me if I'm wrong. I don't mind.
Please don't ad hominem though.
DYOR/DYOC.
Bitcoin Short Term Analysis with Curved Trend Line!Today i will be showing you how to use Curved Trend Line indicator.
This indicator contains 21 period ema which is red line and 20 period sma which is yellow line.
This 2 averages together work like a trendline. So if the prices are below both lines we are in a downtrend and vice a versa.
If price is in the green are which between the 2 lines, that means price is in a area of indecision.
Just like regular trendline, this curved trendline shows us resistance and support areas.
Let me show you with an example.
There is an uptrend that formed in the late January.
Price tested that trend line 1 month later and price went 45k area quickly.
Last week we tested that trendline again and held.
Price can go to the 45k area again.
It can retest trendline before going up.
Or it can go up without testing it again.
This also correspond with my Curved Trend Line indicator!
We are trying to break above Trend Indicator at 40k!
Right now we are testing CTL to go higher. If we can manage to stay above price action will be to the upside of 45k.
Also, for a month CTL act as a resistance.
Everytime price test the CTL and try to breakout above it got rejected.
This is an indicator that works as an support - resistance of a price!
You can also use this CTL to validate your formations, SL-TP points!
Use this CTL with daily or higher timeframes for more accurate decisions!
If you want to try that %100 free indicator just message me!
Important Daily Support
38k
35k
Important Daily Resistance
40k
41k
45k