To turn into an uptrend...
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The key is whether it can receive support in the 59053.55-61099.25 range and rise above the M-Signal indicator on the 1W chart.
In order to turn into an uptrend, it must rise above the M-Signal indicator on the 1D chart at least.
Therefore, whether or not there is support near 61099.25 is an important point for turning into an uptrend.
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Have a good time.
Thank you.
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If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
The key is whether it can receive support in the 59053.55-61099.25 range and rise above the M-Signal indicator on the 1W chart.
In order to turn into an uptrend, it must rise above the M-Signal indicator on the 1D chart at least.
Therefore, whether or not there is support near 61099.25 is an important point for turning into an uptrend.
-
Have a good time.
Thank you.
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Note
#BTCUSDT
The StochRSI indicator is approaching the overbought zone.
Accordingly, the key is whether the price can be maintained above the M-Signal indicator on the 1D chart.
Therefore, we need to check whether it can rise above 61099.25.
If it does not enter the short-term downtrend channel, it is expected to eventually rise.
Note
#BTCUSDT
The key is whether it can be supported near 61099.25.
Since the StochRSI indicator has currently entered the overbought zone, I think whether it can be supported near 61099.25 is an important key.
When the StochRSI indicator falls from the overbought zone and StochRSI < StochRSI EMA, if it falls below 60672.0, it is likely to touch the area around 59053.55 again.
Therefore, when it shows support near 61099.25, it is possible to buy, and the 60672.0 point is the stop loss point.
Since the 61099.25 point is the HA-High indicator point on the 1M chart, if it is supported at this point, it is highly likely that the upward trend will continue.
Therefore,
1st: 63118.62-64000.0
2nd: 65920.71-67614.25
The above 1st and 2nd areas are support and resistance points.
Note
#DOTUSDT
I think DOTUSDT corresponds to the first case in the example of making a bottom.
Therefore, I think that the upward trend is likely to start only when it rises above the M-Signal indicator on the 1M chart.
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In order to trade altcoins, BTC dominance must basically fall below 55.01 or maintain a downward trend.
Therefore, I think that BTC will rise first and then altcoins will likely rise.
USDT dominance is a chart that shows the overall flow of the coin market.
Therefore, in order for the coin market to show an overall upward trend, it must fall below 4.97 or maintain a downward trend.
If it rises above 6.39, the coin market is likely to show a large decline.
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