No.1: Downtrend line to point 7757.
No. 2: 7070 to 7193.
No.3: Downtrend line ~ 6543.
No.1 ~ 3 points are important points and can be bought.
However, you should trade carefully according to your investment and fund management plan.
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January 6 01:00 (UTC): Backed up at 50MA.
The MA converged between 7193 and 7298.
In addition, 100MA began to rise.
Even if the price falls, it is highly likely to rise again if it is supported between 7193 and 7298.
The pair gained support at 50MA and touched the downtrend line.
If it does not rise above the downward trend line, it will fall.
The point of decline may fall to 100MA.
As there are 2000MA and 3000MA located above 7757, I think it will be difficult to climb.
To solve these conditions, there must be many waves.
As you move up and down a lot you will have to take the quantity of people you want to sell.
As a result, the converged MAs will be relocated.
No. 2: 7070 to 7193.
No.3: Downtrend line ~ 6543.
No.1 ~ 3 points are important points and can be bought.
However, you should trade carefully according to your investment and fund management plan.
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January 6 01:00 (UTC): Backed up at 50MA.
The MA converged between 7193 and 7298.
In addition, 100MA began to rise.
Even if the price falls, it is highly likely to rise again if it is supported between 7193 and 7298.
The pair gained support at 50MA and touched the downtrend line.
If it does not rise above the downward trend line, it will fall.
The point of decline may fall to 100MA.
As there are 2000MA and 3000MA located above 7757, I think it will be difficult to climb.
To solve these conditions, there must be many waves.
As you move up and down a lot you will have to take the quantity of people you want to sell.
As a result, the converged MAs will be relocated.
[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/
What we can tell from the MA is the flow of prices.
If I can understand the price flow, I think it helps to understand support and resistance.
However, if you trade with this price flow alone, you will see quite a lot of losses.
Because the key to trading is in the fund management plan.