We need to see if it can rise along the uptrend line (1). You also need to see if you can rise above the 160.820 point and break off the downtrend line (3).
If it is supported at 160.820, it is expected to rise above 193.680.
If it falls from the uptrend line (1), it is a short-term Stop Loss.
** 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 must trade from a short-term investment perspective.)
Comment
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(BSVUSD 1D chart) We'll see if we can break above the 193.680 point. We have to see if we can get support at 184.730. If it falls from the uptrend line (1), it is a Stop Loss to preserve profit or loss.
(1W) We expect it to decline in the first quarter of next year, so we do not expect it to rise to the uptrend line (2).
If it breaks above the 193.680 point in the first quarter of next year and gains support, it is expected to gain the strength of the upside and diverge.
So, I think it's important to get support at the 193.680 point.
Darenno1
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Well I think we will break it to the upside but overall I am focused on major bullish move like bsv did im previous cycles. It looks exactly like it did before 2 major take offs and right now It should go towards at least 650$ before 2nd week of december. Take a look at bigger time frame rate.
We expect it to decline in the first quarter of next year, so we do not expect it to rise to the uptrend line (2).
If it breaks above the 193.680 point in the first quarter of next year and gains support, it is expected to gain the strength of the upside and diverge.
So, I think it's important to get support at the 193.680 point.