Important section: 155.69-180.14

Hello, traders.

If you "Follow", you can always get new information quickly.

Please click "Boost".

Have a nice day today.

-------------------------------------

(AAVEUSDT 1M chart)

The important support and resistance section is 155.69.

If it falls without support at 155.69, it is likely to fall to around 81.44.

If it rises with support at 155.69, it is expected to rise to around 332.71.

The 155.69 point is the HA-High indicator point on the 1M chart.

-
(1W chart)

If it falls from 155.69,
1st: 115.70
2nd: 64.26-81.44
We need to check for support near the 1st and 2nd above.

If it rises from 155.69,
1st: Fibonacci ratio 0.236 (202.92)
2nd: 302.67
We need to check for support near the 1st and 2nd above.

This shows that the area around 155.69 is an important support and resistance area.

-
(1D chart)

Therefore, the area we should be interested in is checking for support near 155.69-180.14.

Since the OBV indicator is renewing the low line, the key is whether it can rise above 155.69 this time.

Therefore, if possible, when it is confirmed to be supported near 180.14, it is the time to buy.

An aggressive buy is when it rises above 155.69 and receives support.

If it fails to rise above 155.69, if possible, it is recommended to not buy and watch the situation.

-
Thank you for reading to the end.
I hope you have a successful transaction.

--------------------------------------------------

- This is an explanation of the big picture.

I used TradingView's INDEX chart to check the entire range of BTC.

I rewrote it to update the previous chart while touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10).

(Previous BTCUSD 12M chart)

Looking at the big picture, it seems to have been following a pattern since 2015.

In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.

Accordingly, the bull market is expected to continue until 2025.

-
(Current BTCUSD 12M chart)

Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15).

It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54).

(BTCUSDT 12M chart)

I think it is around 42283.58 when looking at the BTCUSDT chart.

-
I will explain it again with the BTCUSD chart.

The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.

In other words, it seems likely to act as a volume profile range.

Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).

Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section.

To do that, we need to look at whether it can rise with support near 2.618 (134018.28).

If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%.

So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).

I will explain more details when the downtrend starts.

------------------------------------------------------

readCrypto

Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.

◆ t.me/readCryptoChannel

[HA-MS Indicator]
bit.ly/3YxHgvN

[DMI-OBV Trend]
bit.ly/4ibHtMc

Also on:

Related publications

Check if it can rise along the rising trend line (2)

by readCrypto

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

readCrypto

Also on:

Related publications

Check if it can rise along the rising trend line (2)

by readCrypto