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I marked three points that are the significant resistances, I do not say it is impossible, but getting through them will be a great effort, if there is a rejection at this surge $OM will go down and break the support that took it up.
#AnalyseTechnique , #analyseChart , #AnalyseCrypto
#AnalyseTechnique , #analyseChart , #AnalyseCrypto
Understanding the concepts of technical and fundamental analysis is essential to do well in the market, analyzing $OM , one notices that there are very long candles that indicate the movement of institutions or banks. Every time short-term traders tried to push the price down, they were prevented. Just look at the candles that gave rise to the supports; the circles are the resistances. If we connect their points, we will have a clearer view of where the price is going down.
We still have a profit zone; no one buys not to profit.
#AnalyseTechnique , #analyseChart
We still have a profit zone; no one buys not to profit.
#AnalyseTechnique , #analyseChart
Chart analysis for RED/USDT
1. Overall trend:
It shows that the currency was in a strong upward trend as the price rose from 0.2000 USDT to a peak of 1.4609 USDT.
After this peak, the price entered a strong downward correction with a series of bearish candles, indicating intense selling.
2. Supports and resistances:
Strong support: at the level of 0.6918 USDT, where the price seems to have found temporary stability.
It shows that the currency was in a strong upward trend as the price rose from 0.2000 USDT to a peak of 1.4609 USDT.
After this peak, the price entered a strong downward correction with a series of bearish candles, indicating intense selling.
2. Supports and resistances:
Strong support: at the level of 0.6918 USDT, where the price seems to have found temporary stability.
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