How to find the right price SUPPORTS and RESISTANCES
Price breakout happens! Now what?
As we all know supports and resistances are the key levels where the price stops, turns or does some floating before making the next big move.
Usually, the challenge is to find the right ones where those kind of events will happen.
You can see clearly from the graph that there are some key indications to take into consideration and so you can find the relevant ones:
- Previous highs/lows
- Fibonacci levels
- Highest volumes
As we all know previous resistance becomes the next support.
btw: What would you say the next short term BTC support and resistance are?
Follow me and click like if you would like to see more educational posts like this.
You can find some of them in the links to related ideas bellow this post.
I will proceed with educational material if I happen to find that it has enough interest from the crowd.
Take care and hope you can make more educated guesses with the help of great technical analysis.
"Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime."
As we all know supports and resistances are the key levels where the price stops, turns or does some floating before making the next big move.
Usually, the challenge is to find the right ones where those kind of events will happen.
You can see clearly from the graph that there are some key indications to take into consideration and so you can find the relevant ones:
- Previous highs/lows
- Fibonacci levels
- Highest volumes
As we all know previous resistance becomes the next support.
btw: What would you say the next short term BTC support and resistance are?
Follow me and click like if you would like to see more educational posts like this.
You can find some of them in the links to related ideas bellow this post.
I will proceed with educational material if I happen to find that it has enough interest from the crowd.
Take care and hope you can make more educated guesses with the help of great technical analysis.
"Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime."
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