Touching the HA-Low indicator means...Hello traders!
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(TRXUSDT 1M chart)
It appears that a new HA-High indicator is about to be created.
Accordingly, we need to check whether the HA-High indicator is generated at the 0.10447 point.
If the HA-High indicator is created at the 0.10447 point, the key is whether it can be supported and rise around that area.
(1W chart)
The key is whether the price can be maintained by receiving support in the current section and rising above 0.13052.
If not, and it falls below 0.786 (0.11732), it is likely to fall to around 0.618 (0.10288).
If it falls like that, there is a high possibility that it will turn into a downward trend, so you need to think about ways to respond to the decline.
(1D chart)
The HA-Low indicator was first touched on August 20, 2023, and then again on March 21, 2024.
Accordingly, the key is whether it can be supported and rise around 0.12002, which is the point where the HA-Low indicator is currently formed.
The HA-Low indicator is an indicator that indicates the boundary of the low point section.
Accordingly, support from the HA-Low indicator can be said to mean that a bottom section is forming.
If it falls below the HA-Low indicator, it means that the low point is renewed, and a cascading decline is likely to continue.
Therefore, a trading strategy should be created depending on whether support or resistance is found around 0.12002, which is the currently formed HA-Low indicator point.
Since the MS-Signal indicator is formed around 0.12296, the key is whether it can rise above 0.12296.
If that happens, there is a high possibility that it will rise near the HA-High indicator, so there is a possibility that it will rise to around 0.13997, which is the point where the HA-High indicator is currently formed.
However, as the price rises, there is a possibility that a new HA-High indicator will be created, so if a new HA-High indicator is created, support must be received near it to continue the upward trend.
TRX is one of the coins that is expanding the coin ecosystem.
I think it will be a good textbook for expanding the coin ecosystem I selected and understanding the trend as the first coin to touch the HA-Low indicator.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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