PZZA Nearing Channel TopPZZA Is nearing the top of a long term channel
Similar points in yellow, which follow with a run up, then to a rejection. In this case will be at the top of the long term channel.
PAPA
[prog-dan-papa] 28th may : scalping point of viewjust informed you for scalping trader's point of view.
now we can see 4 hours and 2 hours chart for scalping point of view.
1. 4 hours.
Support : 7,170 / 7,145
Resistance : 7,240 / 7,290
The support and resistance area available from now to 3 hours and 30 minutes.
and marked buy area is our attack zone.
2. 2hours.
Support : 7,175
Resistance : 7,250 / 7,285
The support and resistance area available from now to 1 hours and 30 minutes.
and marked buy area is our attack zone.
The loss cut where you buy it is 7,145.
And if you profit from the next bar, you will see the next bar with the profit as collateral.
If you move to the next bar, change the loss cut to 7,168 (today's second lowest point - in hours units)
P.S : if you're day traders. you'r loss cut is 7,145.
If the closing price of tomorrow is higher than today 's market price, the holding perspective is valid. If it is lower than today' s market price,
You should be prepared to dispose of it at any time.
I wish you good luck.
thanks
presented by dan-papa
[prog-dan-papa] released 28th May, reviewed BTCUSDit's first review of using english.
actually, i'm top authors in korea. but now this review is the first step in English.
i am using new type of bollinger band. it's made by our team which we called progue.
please focus me If you are interested in new analysis.
let's start.
1. see days review.
Support line (S-line) : 7,050 / 6,865
Resistance line (R-line) : 7,310 / 7,440
you can see S-line & R-line on above chart.
unfortunately,Resistance power is more than Support . so that we can not depend on today.
today, rebound on below 7,160. i think that. it's comming from monthly support line.
(you can see my previous review, but it's using korean but, you can translate using google.)
2. see weekly chart.
S-line : nothing.
R-line : 7,690 / 8,300
actually, i can not found weekly support . only had a resistance.
but, below 6,400 than will be rebound due to out of the downtrend.
3. conclusion
i informed you we can see 7,100 on this week on last friday.
On May 1, I said that I can not afford to pay ,more than 9700, and when it is over 9700, it is called the selling area.
and also, i informed strong supported line is below 7,163 on may 1.
Today's rebound is seen as a rebound in the monthly support area. However, the remaining time in May is currently less than four days.
In the current environment, the daily support line should be restored by rebounding below the strong support line of 7.163 per month. Based on this week, I believe that this week's stock price should be higher than last week's price. It is the best structure I can think of right now. The worst structure is to see the last support area of 6,100 monthly, this support line is limited to May, it will change by June, so you have to see the new monthly support area after 4 days.
As of now, trader's best choice is
1. Observe this week.
2. buy Believe in the rebound in the monthly support below 7,163.
(sell if broken 7,000)
Good luck with you
