Bitcoin Cash (BCH) - December 22
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We are holding the price above the 278.26196606-293.00097721 section, so there is always the possibility of further gains.
It remains to be seen if it can gain support and rise at the uptrend line (4) and at 324.1.
Between December 30th and January 8th, we should watch for any movement that deviates from the 293.00097721-367.31848226 segment.
If you break above the uptrend line (2) and get support, I think there is a high possibility that it will rise to the 435.40010001-454.59999980 section with further gains.
If I break below the downtrend line (1) and get resistance, I think there is a possibility to touch the 209.23112174-230.18881201 section.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We are holding the price above the 278.26196606-293.00097721 section, so there is always the possibility of further gains.
It remains to be seen if it can gain support and rise at the uptrend line (4) and at 324.1.
Between December 30th and January 8th, we should watch for any movement that deviates from the 293.00097721-367.31848226 segment.
If you break above the uptrend line (2) and get support, I think there is a high possibility that it will rise to the 435.40010001-454.59999980 section with further gains.
If I break below the downtrend line (1) and get resistance, I think there is a possibility to touch the 209.23112174-230.18881201 section.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
If it falls to the volume profile section of 278.26196606-293.00097721, there may be restrictions on the rise, so careful trading is necessary.
If you can ascend along the uptrend line (4), I think there is a potential for volatility around January 8 to rise above the 324.1 point and above the uptrend line (4) and move towards the uptrend line (2).