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It rose from the bottom section (below 0.00414).
You need to make sure you can get support at the 0.00414 point.
Also, you need to make sure you can ascend to the low point (below 0.00776).
It broke through 50EMA and 60SMA of the 1W chart and rose.
In the section A (0.00414~0.00620), it is necessary to check whether the sideways will appear on the basis of the departure from the floor section.
Therefore, it is necessary to form a box section in section A and do sideways.
If you go up to section B directly from section A (0.00620~0.00877), I think you need to be careful because there is a possibility that you will not be able to endure with a lot of selling quantity.
Since 50EMA and 60SMA broke through for the first time on the chart, I think there is a high likelihood of continuing this upward trend.
However, since it has just risen from the bottom section (below 0.00414), I think it is better to watch a little more than hastily.
(1D chart)
From the volume index, the price also increased a lot as many volumes were generated.
After that, as the volume decreased, the price continued to rise.
Now that I am out of the bottom section, I think more volume should come out again.
Therefore, I think you should take a good look at the increase and decrease of volume.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where the counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
It rose from the bottom section (below 0.00414).
You need to make sure you can get support at the 0.00414 point.
Also, you need to make sure you can ascend to the low point (below 0.00776).
It broke through 50EMA and 60SMA of the 1W chart and rose.
In the section A (0.00414~0.00620), it is necessary to check whether the sideways will appear on the basis of the departure from the floor section.
Therefore, it is necessary to form a box section in section A and do sideways.
If you go up to section B directly from section A (0.00620~0.00877), I think you need to be careful because there is a possibility that you will not be able to endure with a lot of selling quantity.
Since 50EMA and 60SMA broke through for the first time on the chart, I think there is a high likelihood of continuing this upward trend.
However, since it has just risen from the bottom section (below 0.00414), I think it is better to watch a little more than hastily.
(1D chart)
After that, as the volume decreased, the price continued to rise.
Now that I am out of the bottom section, I think more volume should come out again.
Therefore, I think you should take a good look at the increase and decrease of volume.
-------------------------------------------------- ----------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where the counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
