Greetings,
weekly KMD coin chart, the main trend of the instrument is downward, a channel has been formed, the channel width is about 150%.
Trading options within the channel: 1. from horizontal support around 300 to rebound, 2. when the price falls to the lower limit of the channel, look for the entry point when the trend channel support is confirmed. The whole last year the price was in the horizontal channel where the largest horizontal volumes passed, which will now act as resistance.
Bitcoin dominance should also be taken into account; if it rises, altokines will only grow against the dollar. With a decrease in trading pairs to bitcoin, will again become relevant for the accumulation of bitcoin.
This trading idea shows the general picture and the main trend of the instrument, for long-term trading or investment. If you are interested in local work, write about it in the comments, let's consider the daily timeframe.
If you find the information useful, take a liking and sign up so that you don't miss anything.
weekly KMD coin chart, the main trend of the instrument is downward, a channel has been formed, the channel width is about 150%.
Trading options within the channel: 1. from horizontal support around 300 to rebound, 2. when the price falls to the lower limit of the channel, look for the entry point when the trend channel support is confirmed. The whole last year the price was in the horizontal channel where the largest horizontal volumes passed, which will now act as resistance.
Bitcoin dominance should also be taken into account; if it rises, altokines will only grow against the dollar. With a decrease in trading pairs to bitcoin, will again become relevant for the accumulation of bitcoin.
This trading idea shows the general picture and the main trend of the instrument, for long-term trading or investment. If you are interested in local work, write about it in the comments, let's consider the daily timeframe.
If you find the information useful, take a liking and sign up so that you don't miss anything.
