Although it is an Ethernet that looks like bitcoin for a long time,
What is clearly different from other virtual currencies is that it will not quite stop at double zero.
However YPP is functioning to a certain extent and there are signs that it repeled in the vicinity several times.
It got closer, but is there a resistance of YPP this time?
1) Function as resistance
A chance of short.
Double zero 500.00 is considered to penetrate and the target is near 450.00 near the immediate lows.
If it aims a little more, it is before 433.67 in the next MPP.
2) Penetration not functioning as resistance
If it keep YPP over a certain period of time and use YPP as a support line you will get a long choice.
------------------------- <Legend> ---------------------- - -
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo Line: Horizontal line or Trend line seen by weekly or monthly
Indigo fine wire: Horizontal line or Trend line seen by 4hourly or daily
Dotted dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- <Legend> ---------------------- - -
What is clearly different from other virtual currencies is that it will not quite stop at double zero.
However YPP is functioning to a certain extent and there are signs that it repeled in the vicinity several times.
It got closer, but is there a resistance of YPP this time?
1) Function as resistance
A chance of short.
Double zero 500.00 is considered to penetrate and the target is near 450.00 near the immediate lows.
If it aims a little more, it is before 433.67 in the next MPP.
2) Penetration not functioning as resistance
If it keep YPP over a certain period of time and use YPP as a support line you will get a long choice.
------------------------- <Legend> ---------------------- - -
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo Line: Horizontal line or Trend line seen by weekly or monthly
Indigo fine wire: Horizontal line or Trend line seen by 4hourly or daily
Dotted dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- <Legend> ---------------------- - -
Trade closed: target reached:
It is early to start lowering...
Trade closed: target reached:
I chose an image and made a mistake...