Ethereum / BitcoinEducation
Support and Resistance 'Zones'
Following on from my support and resistance chart.
Sometimes it can be tricky to find the perfect Support and Resistance lines, so we can use zones.
With zones we look left for confirmation, where price has hit this level before, either with candles and or wicks.
A support zone is an area where price has come down to and has respected at least 3 times, same with a resistance zone.
In the future, Support and Resistance zones should act as a level where price may either bounce or reverse.
These zones can be found on all timeframes.
Just remember, the higher the timeframe the stronger the zone.
Sometimes it can be tricky to find the perfect Support and Resistance lines, so we can use zones.
With zones we look left for confirmation, where price has hit this level before, either with candles and or wicks.
A support zone is an area where price has come down to and has respected at least 3 times, same with a resistance zone.
In the future, Support and Resistance zones should act as a level where price may either bounce or reverse.
These zones can be found on all timeframes.
Just remember, the higher the timeframe the stronger the zone.
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