The key is whether the Fibonacci ratio can rise above 0.5Hello traders!
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(TRBUSDT chart)
(1D chart)
If it rises above 164.05, the new high (ATH) will be updated.
Accordingly, the key is whether the price can be maintained by rising above the Fibonacci ratio of 0.5 (140.54).
If not, and it falls below 104.97-108.94 and shows resistance,
1st round: 73.60-83.89
2nd round: 52.79
You need to check whether you are supported in the first and second sections above.
If it rises above 140.54-143.97 and becomes supported,
1st round: 156.44-168.43
2nd: 207.91
There is a possibility of resistance near the 1st and 2nd stages above.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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