readCrypto

Break out of the short-term downtrend

BINANCE:SOLUSDT   SOL / TetherUS
Hello?
Traders, welcome.

If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day.

-------------------------------------

(SOLBTC 1W chart)
The question is whether it can move above 0.0011394 and lead to a move out of the downtrend line.

A dip below 0.008297 could lead to a sharp decline, so you need to think about how to react.

--------------------------------------


----------------------------------------

(SOLUSDT 1W chart)
The key is whether you can climb with support in the 24.54-46.85 section.


(1D chart)
It is important not to fall below the downtrend line (1).

In particular, to break out of the short-term downtrend, we need to see if the price can sustain the price by rising above 26.07.

Looking at the 'Strength' sub-indicator,
1. Overbought section: 1
2. Neutral: 2
3. Oversold section: 1
So, you can see that it is moving sideways.

I need to make sure this sideways is coming from MS-Signal or higher.


Most coins (tokens) are cup-shaped.

This type of finish usually results in a handle.

To make the handle, you need to wiggle it up and down.

It is unknown what size handles will be made, but it is predictable that they will be made, so a response is necessary.

-------------------------------------------------- -------------------------------------------

** All descriptions are for reference only and do not guarantee profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (www.tradingview.com/...shi-MS-Signal-HA-MS/).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

---------------------------------

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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.