The key is whether it can rise in the 2.442-2.561 range
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(QTUMUSDT chart)
(1M charts)
The key is whether it can rise above the 2.770-3.283 range.
(1W chart)
We need to check whether it can rise above the box range of 1.848-2.694.
Even if it rises, the box area formed over the 6.375-19.346 range may be a resistance area, so the extent of the rise is likely to be limited.
(1D chart)
If you look at the entire chart, you can see that there are several support and resistance points.
However, this point of support and resistance can be considered an important point.
The support and resistance points shown on the chart can be said to be points that are meaningful enough to enable split transactions during trading.
Accordingly, you can see that it is a coin that can experience significant volatility at any time.
I think breakout trading, which involves approaching day trading or short-term trading and buying when it breaks through support and resistance points or sections when it is rising, is appropriate.
The box section corresponding to the high price of the currently formed box section is 2.308-2.561.
Therefore, the time to buy is when the price is maintained above 2.442 and breaks above the 2.561 point.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(QTUMUSDT chart)
(1M charts)
(1W chart)
Even if it rises, the box area formed over the 6.375-19.346 range may be a resistance area, so the extent of the rise is likely to be limited.
(1D chart)
However, this point of support and resistance can be considered an important point.
The support and resistance points shown on the chart can be said to be points that are meaningful enough to enable split transactions during trading.
Accordingly, you can see that it is a coin that can experience significant volatility at any time.
I think breakout trading, which involves approaching day trading or short-term trading and buying when it breaks through support and resistance points or sections when it is rising, is appropriate.
Therefore, the time to buy is when the price is maintained above 2.442 and breaks above the 2.561 point.
--------------------------------------------------
- The big picture
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using 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/
