UnknownUnicorn4304403

Another example of a doji (support and resistance)

Education
BITFINEX:BTCUSD   Bitcoin
So the price crashed into the uptrend line on my chart and a doji formed at the end of an uptrend. When a doji forms like that during an uptrend it can signal a reversal. Keep your eye on candles like that. Also notice that if you would have sold at the doji and watched it drop it bounced right off the 50 MA. That tells you a lot. Understanding support and resistance is a huge part of being a successful trader
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.