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Whether it can rise along the rising channel is the key

BINANCE:OPUSDT   OP / TetherUS
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(OPUSDT chart)

The HA-High indicator on the 1W chart formed at the 2.498 point.

Therefore, if it fails to rise above 2.498, it may lead to further declines, so we need to think about countermeasures.

However, since the MS-Signal indicator of the 1W chart is passing around 2.045, you need to check whether it is supported around the 2nd section of 1.828-2.045.


The tertiary range, 0.919-1.129, is a strong support and resistance range.


It is currently in a downtrend from the uptrend channel shown on the 1D chart.

Therefore, I think it is becoming important whether it can rise above 2.498.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

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www.tradingview.com/x/DF6cGh3G/
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