Bearing trend turning point: 19250.0

By readCrypto
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(1D chart)
لقطة
The key is whether it can receive support near the left Fibonacci ratio 2 (19441.0) and rise above 20313.8.

If not, and it falls below the M-Signal indicator on the 1D chart, it is expected to touch the M-Signal indicator on the 1W chart.

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Since the StochRSI indicator has turned downward, it is important to see whether there is support at the current price position.

Since it has turned downward, it is likely to lead to further decline.

Therefore, if it does not receive support, it is likely to lead to further decline.

At this time, the important thing is whether there is support near the M-Signal indicator of the 1W chart.

The final downtrend point is the HA-Low indicator point of the 1D chart, and the current HA-Low indicator point is 18250.3.

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(Renko 1D chart)
لقطة
As you can see from the Renko chart, the downtrend turning point is at 19250.

Therefore, in the general chart above, there is a possibility that it will touch the M-Signal indicator part of the 1D chart and bounce.

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Have a good time.
Thank you.

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تعليق
لقطة
تعليق
لقطة
The slope of the StochRSI indicator is changing.

Accordingly, the key is whether it can rise above 19582.6 and receive support.

If not, it is likely to lead to further declines.

1st: 1.902 (18788.2) ~ 19036.7
2nd: 17854.8-18250.3

You should check for support near the 1st and 2nd above.

Since the StochRSI indicator is likely to continue the upward trend when it leaves the oversold zone and becomes StochRSI > StochRSI EMA, you should check whether it can rise above 19582.6 before that.
تعليق
#NAS100USD
لقطة
It is falling to the support zone without receiving support near 19582.6.

The key is whether it can receive support in the 1.902 (18788.2) ~ 19036.7 range.
Beyond Technical AnalysisHA-MSTechnical IndicatorsNASDAQ 100 CFDUS NAS 100nasdaqtradingstrategyTrend Analysis
readCrypto
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