Support Zone: 168.46-171.63

24 Okt 2024

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(SOLUSDT.P 1M chart)

The important zones are three zones.
- 171.63
- 137.04-147.56
- 101.78

Therefore, you can trade depending on whether there is support near 171.63.

-
(1W chart)

The location of the BW (100) indicator is 202.68.

Therefore, the point to watch is whether it can rise from around 171.63 and rise above 202.68.

If not, since the HA-High indicator on the 1W chart is formed at the 168.46 point, we need to check for support around 168.46-171.63.

If it falls below 168.46, we need to check for support around 137.04-147.56.

-
(1D chart)

The HA-High indicator on the 1D chart is formed at the 179.77 point.

Therefore, the key is whether it can support around 179.77.

Currently, the StochRSI and StochRSI EMA indicators are in the overbought zone and the BW indicator is at the highest point (100).

Therefore, although it is showing strong upward strength, it will show a downward trend as the downward pressure increases over time.

At this time, the point to watch is whether it can receive support around 168.46-171.63.

If it receives support, I think it is highly likely that it will lead to an upward trend to rise above the 202.68 point as I mentioned earlier.

If not, and it falls, we should check whether there is support around 158.39, where the M-Signal indicator on the 1D chart is passing.

-

The arrow was created because the BW indicator touched the 100 point.

Since it has been maintaining the 100 point since then, the BW (100) line is not created.

If the price shows a downward trend, it will show a trend of creating the BW (100) line.

Therefore, it is recommended to proceed with trading according to the movement after the BW (100) line is created.

Therefore, it can be seen that the possibility of the BW (100) line being created at the 179.77 point is increasing.

Therefore, it is necessary to check whether it is possible to enter a short-term SHORT position.

-
Have a good time.
Thank you.

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- ​​Big picture

It is expected that a full-scale uptrend will begin after rising above 29K.

The section expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M

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

These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.

We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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25 Okt 2024

Nota

#SOLUSDT.P

When the BW indicator touches the 100 point, an arrow appears.

After that, if it falls from the 100 point, the BW (100) line is created.

The current arrow appeared on October 20th, and the BW (100) line was created on October 25th.

Therefore, since the price was still falling when the BW (100) line was created, it was not possible to start trading at the BW (100) line.

So, when can I trade?

For now, you can trade depending on whether there is support around the point where the arrow appears, that is, the closing price on October 20th, 167.42.

However, in this case, a short and quick response is required.

To make it more intuitive, arrows and BW (100), BW (0) lines are displayed on the candlestick area.