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It rose above 10591.5 points and touched the upward trend line (5).
It remains to be seen if it can rise above the uptrend line (5).
If it falls, you must make sure it is supported at 10591.5.
I think it's important to get support at 10591.5 in order to maintain the upside.
In addition, when exuding the power of an uptrend, I think it should show an upward trend of 11516.5 points above the uptrend line (4).
(1D chart)
It is important to exceed the 11072-11244 section, which is the latest volume profile section.
The 11516.5 point is an important point on the 1W chart, so if we break through and support it together, we can expect to continue the upward trend faster.
Volatility may occur again around September 20th, so be sure to see where you are getting support before that.
If you get support above the 10968.0 point, I think there is a possibility that it will rise to the 12K level.
If it is located near the 9617 point, it is likely to touch the 8625.0 point or less.
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(USDT Dominance 1h Chart)
We have to see if we can get below the 4.468 point.
You should also check to see if it has fallen below the 4.163 point around September 17th.
The possibility of ascending to the 5.003 point I mentioned before is always open.
To close this open door, you have to drop below the 4.163 point.
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(BTC Dominance 1D Chart)
Along with rising BTC prices, dominance is also rising.
If BTC price rises above 10968.0 points or becomes supported at 10591.5 points, BTC dominance is expected to fall again.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
It rose above 10591.5 points and touched the upward trend line (5).
It remains to be seen if it can rise above the uptrend line (5).
If it falls, you must make sure it is supported at 10591.5.
I think it's important to get support at 10591.5 in order to maintain the upside.
In addition, when exuding the power of an uptrend, I think it should show an upward trend of 11516.5 points above the uptrend line (4).
(1D chart)
The 11516.5 point is an important point on the 1W chart, so if we break through and support it together, we can expect to continue the upward trend faster.
Volatility may occur again around September 20th, so be sure to see where you are getting support before that.
If you get support above the 10968.0 point, I think there is a possibility that it will rise to the 12K level.
If it is located near the 9617 point, it is likely to touch the 8625.0 point or less.
-----------------------------------------
(USDT Dominance 1h Chart)
You should also check to see if it has fallen below the 4.163 point around September 17th.
The possibility of ascending to the 5.003 point I mentioned before is always open.
To close this open door, you have to drop below the 4.163 point.
--------------------------------------------
(BTC Dominance 1D Chart)
If BTC price rises above 10968.0 points or becomes supported at 10591.5 points, BTC dominance is expected to fall again.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
