We have to see if we can quickly climb above the 17176.24 point. If not, you should check if you can get support at 16882.16.
If it doesn't show that it can rise again, it is expected that it will continue to realize profits. In that respect, the 16882.16 point is an important point.
As both the short-term stop loss point and the stop loss point for profit and loss preservation are broken down, the coin market is recording a large price decline overall.
It may show support at 16882.16 and then decline. I think this is the last to sell and decline among those who failed to sell in the previous decline in fear of a further decline during the Sideways.
If all of these volumes are received, a strong rebound is expected, touching the uptrend line (5) and between 15960.0-16021.72. For this rebound to turn into an uptrend, it must rise above the 17892.0 point.
Therefore, if it falls in the 15960.0-16021.72 range, it is expected to turn into a downtrend.
(1W chart) Unlike the 1D chart, the 1W chart maintains an upward trend. In order to turn the trend, it must break below the 15960.0 point.
(Coinbase BTCUSD 1D chart) We have to see if we can quickly climb above the 17178.0 point. Both the short-term Stop Loss and Stop Loss points have been broken down.
(1W chart) Unlike the 1D chart, the 1W chart maintains an upward trend. In order to do a trend reversal, it must break below the 15977.67 point.
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(OKEX BTCUSDT 1D chart) We have to see if we can quickly ascend above 17247.6 points. Both the short-term Stop Loss and Stop Loss points have been broken down.
If it fails to rise above the 17247.6 point, it is expected to reorient itself by touching the uptrend line (4) and 15879.9-16037.8.
If it falls at 15879.9, it is expected to touch the uptrend line (3).
(1W chart) Unlike the 1D chart, the 1W chart maintains an upward trend. It must break below the 15879.9 point to make a trend change.
Therefore, on the 1W chart, we still think we are on an upward trend. It is expected that the direction will be determined by the volatility generated by touching the uptrend line (4).
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(BTC Dominance 1D Chart) It fell near the 63.38 point. We have to see if we can get below the 63.38 point. We also have to see if we can move down the 61.20-62.12 segment.
It is located on the 61.20-62.12 section and is expected to choose directions by around December 15th
If it does not fall near the 61.20-62.12 range around November 29 (November 28-30) and rises above the 63.38 point along the upward trend line (5), the coin market is expected to turn into a downward trend.
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(USDT Dominance 1D Chart) We have to see if we can go down the 3.285-3760 section. If it is located in the 3.760-4.390 range and rises, it is expected that a lot of funds will be drained from the coin market (sell coins). In the USDT Dominance chart, around November 27th (November 26-28) is the volatility period, so you need to check the market conditions.
** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
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