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(AVAXUSDT chart)
Looking at the 1M chart,
A rise above 17.70 is expected to sustain the price before a full-fledged uptrend begins.
Looking at the 1W chart,
Currently, it is located in the section formed by the HA-Low indicator on the 1W chart.
Therefore, the key is whether it can rise with support in the current section.
However, since the HA-High indicator on the 1W chart is located nearby, it is not easy to actually buy.
The reason is that the resistance zones are so close together.
If the HA-Low and HA-High indicators are close together, you can see that they are converging as you can see by looking at the Bollinger bands.
Therefore, in this case, it is necessary to check whether it is supported or resisted in the section consisting of the HA-Low and HA-High indicators, and it corresponds to the buying section.
An upward breakout of the 19.73-23.96 zone is expected to release the converged forces.
To put the above 1M chart description and 1W chart description together,
If support is found at 17.70 on the 1W chart's HA-High indicator, it can be said that the uptrend is expected to begin.
Looking at the 1D chart,
The support and resistance points of the 1M, 1W, and 1D charts are combined in order of importance.
Therefore, many lines are drawn.
The interval of the HA-Low indicator on the 1W chart is the range of 12.40-13.83.
Therefore, if the price rises from support in this zone, it is more likely to break out of the downtrend line and continue the uptrend.
Accordingly, the key is whether the price maintains the price by rising above 13.83 based on the volatility period around July 15th.
If this is not the case and it declines, you should check for support near the HA-Low indicator on the 1D chart. (11.56-11.80)
The 14.99-17.15 section consists of the HA-High indicator on the 1W chart.
Therefore, it is expected that the price will turn into an uptrend only when it breaks above this section.
As I mentioned earlier, it is expected that a full-fledged uptrend will begin when the upward break of the 17.15-17.70 section and the 19.16-19.73 section.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(AVAXUSDT chart)
A rise above 17.70 is expected to sustain the price before a full-fledged uptrend begins.
Looking at the 1W chart,
Currently, it is located in the section formed by the HA-Low indicator on the 1W chart.
Therefore, the key is whether it can rise with support in the current section.
However, since the HA-High indicator on the 1W chart is located nearby, it is not easy to actually buy.
The reason is that the resistance zones are so close together.
If the HA-Low and HA-High indicators are close together, you can see that they are converging as you can see by looking at the Bollinger bands.
Therefore, in this case, it is necessary to check whether it is supported or resisted in the section consisting of the HA-Low and HA-High indicators, and it corresponds to the buying section.
An upward breakout of the 19.73-23.96 zone is expected to release the converged forces.
To put the above 1M chart description and 1W chart description together,
If support is found at 17.70 on the 1W chart's HA-High indicator, it can be said that the uptrend is expected to begin.
Looking at the 1D chart,
The support and resistance points of the 1M, 1W, and 1D charts are combined in order of importance.
Therefore, many lines are drawn.
The interval of the HA-Low indicator on the 1W chart is the range of 12.40-13.83.
Therefore, if the price rises from support in this zone, it is more likely to break out of the downtrend line and continue the uptrend.
Accordingly, the key is whether the price maintains the price by rising above 13.83 based on the volatility period around July 15th.
If this is not the case and it declines, you should check for support near the HA-Low indicator on the 1D chart. (11.56-11.80)
The 14.99-17.15 section consists of the HA-High indicator on the 1W chart.
Therefore, it is expected that the price will turn into an uptrend only when it breaks above this section.
As I mentioned earlier, it is expected that a full-fledged uptrend will begin when the upward break of the 17.15-17.70 section and the 19.16-19.73 section.
-------------------------------------------------- -------------------------------------------
** 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.
---------------------------------
[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/
