The key is whether it can be supported and rise near 3.624
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(PENDLEUSDT 1D chart)
It has risen near the HA-Low indicator point of 3.624.
Accordingly, the key is whether it can be supported and rise near 3.624.
If the price maintains above the Trend Cloud indicator, it is highly likely to turn into an uptrend.
If the uptrend continues,
1st: 4.109
2nd: 4.907
3rd: 6.376-6.744
You can respond depending on whether there is support near the 1st-3rd above.
In particular, if the M-Signal indicator of the 1W chart passing near 4.109 rises above and the price is maintained, I think there is a possibility that a full-fledged uptrend will begin.
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If it falls from the 3.624 point, whether there is support near 3.113 is important.
If it falls below the Fibonacci ratio 0 (2.488), it is better to wait until it rises because you cannot tell when it will rise.
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If you refer to too many indicators, there is a possibility that the transaction will proceed in the wrong direction.
Therefore, it is important to limit the indicators you want to refer to and try to trade according to the trend.
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The indicators that indicate the trend in this chart are the Trend Cloud indicator and the M-Signal indicator of the 1D, 1W, and 1M charts.
Therefore, you can check whether the trend is rising or falling by checking the status and arrangement of the Trend Cloud indicator.
In addition, you can check the overall trend by checking whether the M-Signal indicator of the 1D, 1W, and 1M charts is in the correct arrangement or reverse arrangement.
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The HA-Low and BW(0) indicators indicate the low point range.
Therefore, if supported by these indicators, there is a high possibility of rising.
However, if it fails to rise and falls below the HA-Low and BW(0) indicators, there is a possibility of starting a stepwise downtrend, so be careful.
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The HA-High, BW(0), and BW(100) indicators indicate the high point range.
Therefore, if resisted by these indicators, there is a high possibility of falling.
However, if it fails to fall and rises above the HA-High and BW(100) indicators, there is a possibility that a stepwise upward trend will begin.
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The indicators listed above are the core indicators among the indicators on this chart.
The indicators other than these are secondary indicators used when conducting split transactions.
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Thank you for reading to the end.
I hope you have a successful transaction.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
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Note
The reason for analyzing coins (tokens) other than major altcoins is because I believe they are in a good position to check the movement of indicators on the proposed chart.
Therefore, please do not ignore these coins (tokens) just because you do not trade them, but check the movement and familiarize yourself with the indicators.
Note
#PENDLEUSDT.P
It fell below the M-Signal indicator on the 1D chart while falling from 3.6219.
Therefore, it is important whether it can find support near 3.1121 and rise above 3.6219.
If it falls below 3.1121, it is better to wait and see until it goes up.
Because we don't know how far it will fall.
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Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
Related publications
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.