If you look at the chart a bit larger, the 50752.0-60904.0 section can be said to be a sideways section.
Among those sideways, it is currently running sideways in the 58282.0-60904.0 section.
In order to climb above the 60904.0 point, we need to see if we can try to break through the 58464.0-60904.0 section by continuing a sideways move.
As the sideways section gradually narrows, the lows are rising.
We'll have to see if we can ascend this time in the 58282.0-60904.0 segment as we stock up and release our final force.
If it falls below the downtrend line (7), I think there is a possibility of an increase in the selling price due to disappointment that did not rise.
Therefore, if it does not fall below the downtrend line (7), it is expected to continue the uptrend.
If it falls in the 55828.0 section, a short Stop Loss is required.
However, you need to trade carefully as you can move up after touching the 48214.0-50752.0 section or the uptrend line (5).
Among those sideways, it is currently running sideways in the 58282.0-60904.0 section.
In order to climb above the 60904.0 point, we need to see if we can try to break through the 58464.0-60904.0 section by continuing a sideways move.
As the sideways section gradually narrows, the lows are rising.
We'll have to see if we can ascend this time in the 58282.0-60904.0 segment as we stock up and release our final force.
If it falls below the downtrend line (7), I think there is a possibility of an increase in the selling price due to disappointment that did not rise.
Therefore, if it does not fall below the downtrend line (7), it is expected to continue the uptrend.
If it falls in the 55828.0 section, a short Stop Loss is required.
However, you need to trade carefully as you can move up after touching the 48214.0-50752.0 section or the uptrend line (5).
[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/
