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Support area to create a new upward wave: 8.250-10.867

BINANCE:UNFIUSDT.P   UNFI / TetherUS PERPETUAL CONTRACT
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(UNFIUSDT.P chart)

(1W chart)
To create a new upward wave, it must be supported and rise in the 8.250-10.867 range.

If not, there is a possibility that it will fall to around 5.269.


(1D chart)

In order to rise, support must be found around 8.085-8.724.

If support is confirmed, it is expected to lead to an attempt to rise to around 11.655-12.941.


If it is not supported and falls below 7.786, it may turn into a downward trend, so caution is required.


(1h chart)
The key is whether it can receive support and rise in the 8.839-9.230 range.

If not, the HA-High indicator is expected to decline and be created.

At this time, caution is needed as if there is no support near the HA-High indicator, it is likely to lead to a further decline.

If it continues to decline further, we need to check for support around 8.492.

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

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

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[Example of exchange chart setup]

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

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