About the chart that shows a sideways movement...
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When you study charts, you will realize how difficult it is to move sideways.
Therefore, depending on how long the sideways movement was before the big wave, the size of the wave is also predicted.
However, in the charts showing sideways movement, the price range and wave size are often known after the wave appears.
This shows that the location of the sideways movement and the size of the sideways wave are important.
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Looking at the chart above, we can say that it is showing a sideways movement.
However, since the price is located at the lowest price range, it is better to exclude this chart.
The reason is that if it is showing a sideways movement at the lowest price range, it is likely that the trading volume has decreased significantly due to being excluded from the market.
This is because it is likely to take a long time to turn into an upward trend in this state.
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Looking at the chart above, the price is showing a sideways movement while maintaining a certain interval after rising.
The sideways movement is about 31%, so it may be ambiguous to say that it is actually sideways.
However, if the price moves sideways while maintaining a certain interval after rising, it means that someone is trying to maintain the price.
Therefore, when it shows a movement that breaks through the sideways section, it should be considered that there is a possibility that a large wave will occur.
The wave can be either upward or downward.
Therefore, it is necessary to be careful not to jump into a purchase with the idea that it will definitely rise in the future just because it moves sideways.
A box section is set at both ends of the sideways section.
Therefore, it is recommended to proceed with a purchase in installments when it shows support after entering this box section.
In other words, it is important to check the support in the 1.5-1.9669 section or the 25641-2.6013 section.
You can see that the HA-Low indicator and the HA-High indicator are converging.
Therefore, if this convergence is broken, it is expected that a trend will be formed.
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Like this, you should measure the price position of the sideways movement and the width of the sideways movement well and think in advance about whether to proceed with the transaction when it deviates from that range.
Otherwise, if you start trading after the wave has already started, you may end up giving up the transaction because you cannot overcome the wave.
Since it is not known when the movement will start once the sideways movement starts, individual investors easily get tired.
Therefore, when the coin (token) you want to trade shows a sideways movement, it is recommended to increase the number of coins (tokens) corresponding to the profit while conducting short-term trading (day trading).
If you do this, you will naturally be able to see how the sideways waves change, and you will be able to hold out until a big wave starts.
I think there are quite a few people who are not familiar with day trading and say they will buy at once when the wave starts.
If you can hold out well against the wave, you will get good results, but there is a possibility that the trade will fail 7-8 times out of 10, so if possible, it is good to get used to the feeling by day trading coins (tokens) that show this sideways pattern.
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Thank you for reading to the end.
I hope you have a successful trade.
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