Bottom formation section: When supported around 0.1607
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(OAXUSDT chart)
Since the chart was created not long ago, not much can be known.
However, the fact is that the HA-Low indicator on the 1W chart was formed at 0.1436 and is rising above that point.
Therefore, in order to convert this rise into an upward trend, support must be found around 0.1436.
If the price rises above 0.1607 and holds, I think it should form a bottom and be ready to rise.
If support is confirmed around 0.1607,
It may rattle in the 0.2352-0.2676 range or above 0.3052.
That means you're likely to encounter resistance.
The currently formed volume profile section is around 0.421, so downward pressure is expected to be strong until it rises further.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(OAXUSDT chart)
Since the chart was created not long ago, not much can be known.
However, the fact is that the HA-Low indicator on the 1W chart was formed at 0.1436 and is rising above that point.
Therefore, in order to convert this rise into an upward trend, support must be found around 0.1436.
If the price rises above 0.1607 and holds, I think it should form a bottom and be ready to rise.
If support is confirmed around 0.1607,
It may rattle in the 0.2352-0.2676 range or above 0.3052.
That means you're likely to encounter resistance.
The currently formed volume profile section is around 0.421, so downward pressure is expected to be strong until it rises further.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
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