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The area below the 0.34815620 point is the section that formed the bottom as a mid- to long-term investment area.
Therefore, you need to make sure you can get the support at the 0.34815620 point.
We believe that further gains can be expected if the bottom line is formed, but only supported by the uptrend line (1).
By touching the uptrend line (2), I think you showed your willingness to rise.
Accordingly, it remains to be seen if it can rise above the uptrend line (2) and above the downtrend line (3) around September 30, with support above the 0.34815620 point.
You should also check if you can get support at point 0.44963448.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
The area below the 0.34815620 point is the section that formed the bottom as a mid- to long-term investment area.
Therefore, you need to make sure you can get the support at the 0.34815620 point.
We believe that further gains can be expected if the bottom line is formed, but only supported by the uptrend line (1).
By touching the uptrend line (2), I think you showed your willingness to rise.
Accordingly, it remains to be seen if it can rise above the uptrend line (2) and above the downtrend line (3) around September 30, with support above the 0.34815620 point.
You should also check if you can get support at point 0.44963448.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Comment:
(Bittrex ARKUSD 1D chart)
It is of paramount importance to get support at the 0.34815620 point.
It is continuing to rise above.
I think whether it's for a trend shift or an uptrend for a bigger downturn depends on the support at 0.34815620.
If it falls at the uptrend line (1) or at 0.34815620, it is a short-term stop loss.
It is continuing to rise above.
I think whether it's for a trend shift or an uptrend for a bigger downturn depends on the support at 0.34815620.
If it falls at the uptrend line (1) or at 0.34815620, it is a short-term stop loss.
[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/
It remains to be seen if it can break above the downtrend line (3) and rise above the 0.34815620 point.
If it falls into volatility, you need to make sure you get support in the 0.27388272-0.30157757 range.