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buenurbur

Strong ressistance or possible upport line

GRT / TetherUS PERPETUAL CONTRACT (BINANCE:GRTUSDT.P)  
buenurbur  
BINANCE:GRTUSDT.P   GRT / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns newbie
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trendanalysis chartpattern newbie
The red line is strong resistance. However we see that trend line was broken. Thereby I would way for the confirmation of the trend - retest from the red line either to the down side of upside.

https://www.tradingview.com/chart/jhGs8Htm/

Here I described the possible scenario.
  • If price wil get lower than the highest low -> SHORT
  • If price breaks the resistance leve and retests -> LONG

I am making this analysis first of all for learning purpose (as I am newbie in trading) and encourage people to do their own reasearch. Also, I will be happy for comments if I made mistakes.
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