need to see if can break out of the downtrend channel
Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(NEARBTC 1W Chart)
The question is whether it can break out of the downtrend channel and rise to around 0.00015311.
-------------------------------------
----------------------------------------
(NEARUSDT 1D chart)
The question is whether it can hold the price above 2.399 and rise to around 3.198.
If not, we need to see if it drops to around 1.964.
Depending on which direction it breaks out of the downtrend, the trend is expected to continue.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (www.tradingview.com/...shi-MS-Signal-HA-MS/).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(NEARBTC 1W Chart)
-------------------------------------
----------------------------------------
(NEARUSDT 1D chart)
The question is whether it can hold the price above 2.399 and rise to around 3.198.
If not, we need to see if it drops to around 1.964.
Depending on which direction it breaks out of the downtrend, the trend is expected to continue.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (www.tradingview.com/...shi-MS-Signal-HA-MS/).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
---------------------------------
[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/
Therefore, it is important to be able to be supported around this section.
If it fails to do so, I would expect it to rise again to the 2.240-2.399 range, unless it falls below the downtrend line (1).
In order to move up, the price must show an uptrend above the downtrend line (2) to hold the price.
From a mid- to long-term perspective, the section that can be purchased is the 3.198-3526 section.
When it falls around 1.964, you can know whether it will fall around 1.638 depending on whether it is supported or resisted, so it is better to check the situation at that time and respond.
Again, it is important not to fall below the downtrend line (1).