Purple Lines on Chart are the possible rising wedge that has formed on the 15min, 18min, 21min, 25min charts respectfully.
I use this chart on 5m, 8min, 10min, 12min,16min, 25min, 30min, 45min, if I were to trade during those times.
I really like the 1 hour time frame on this particular coin.
I am showing 4 major support areas, I included this time the Fib replacement tool.
I used 0, 28, 50, 61, 78, 100, 128 on that fib retracement tool.
I included a major support at levels 2.02
1st support of around 2.24
2nd support of around 2.30
3rd suport at around 2.33
I also included the major resistance at the area of the atl of past week of around 2.36
I included the 128 fib due to not alot of people actually using this tool at this level, I would definatly sell at that point if I was on a long, but a grea area to short, be careful of the swings
1st support 2nd support be mindful of the STOCH RSI as it will trick you, the chart shows just a perspective. I would add volumn to the chart as well, I use 3 different screens for any coin I look at. This one does not have it.
Enjoy I included a update as requested from a comment.
ChrisGtr Out
thanks enjoy your Wednesday
I use this chart on 5m, 8min, 10min, 12min,16min, 25min, 30min, 45min, if I were to trade during those times.
I really like the 1 hour time frame on this particular coin.
I am showing 4 major support areas, I included this time the Fib replacement tool.
I used 0, 28, 50, 61, 78, 100, 128 on that fib retracement tool.
I included a major support at levels 2.02
1st support of around 2.24
2nd support of around 2.30
3rd suport at around 2.33
I also included the major resistance at the area of the atl of past week of around 2.36
I included the 128 fib due to not alot of people actually using this tool at this level, I would definatly sell at that point if I was on a long, but a grea area to short, be careful of the swings
1st support 2nd support be mindful of the STOCH RSI as it will trick you, the chart shows just a perspective. I would add volumn to the chart as well, I use 3 different screens for any coin I look at. This one does not have it.
Enjoy I included a update as requested from a comment.
ChrisGtr Out
thanks enjoy your Wednesday