Hello everyone,
Let's take a look at the GLMR / USDT chart on the 1D interval.
please pay attention to the trendline marked in blue, as you can see that the price is approaching the exit from the trendline. It is worth paying attention to the CHOP indicator which shows that there is still some energy for the next move and the MACD indicator which shows the blue line over the red one which can potentially confirm an uptrend.
Let's move on to the designation of the support line and we can see that the first support is at the price of $ 2.63 over which the price is currently located, the next support is at $ 2.44, $ 2.19, $ 1.81 and $ 0.82.
Looking the other way, it is worth drawing resistance lines that the price must overcome when it starts to rise and here we have the first resistance at the price of $ 3.20, if we break it, the next ones are at $ 3.65, $ 4.04, $ 4.65 and $ 5.18.
Please note the relatively high volatility of the price in short time intervals and be prepared for the price movement in the coming days.
Let's take a look at the GLMR / USDT chart on the 1D interval.
please pay attention to the trendline marked in blue, as you can see that the price is approaching the exit from the trendline. It is worth paying attention to the CHOP indicator which shows that there is still some energy for the next move and the MACD indicator which shows the blue line over the red one which can potentially confirm an uptrend.
Let's move on to the designation of the support line and we can see that the first support is at the price of $ 2.63 over which the price is currently located, the next support is at $ 2.44, $ 2.19, $ 1.81 and $ 0.82.
Looking the other way, it is worth drawing resistance lines that the price must overcome when it starts to rise and here we have the first resistance at the price of $ 3.20, if we break it, the next ones are at $ 3.65, $ 4.04, $ 4.65 and $ 5.18.
Please note the relatively high volatility of the price in short time intervals and be prepared for the price movement in the coming days.