Short term MA: 5, 20, 50, 100MA
Medium-term MA: 200, 300, 500MA
Long term MA: 700, 1000MA
---------------------------------
It is supported by 1000MA.
If yes, check to see if you can rise above 9096.79 and the upward trend line.
However, there are many gaps between MAs.
I think the MA will converge at any point, and determine where the flow will be based on where it is formed.
If I keep the price near 1000MA, I think that if I can wait for MA to rise and converge, I can gain strength and go higher.
After the MAs converge, of course they may fall.
However, in this situation, I think it is more likely to rise than fall.
The range of price adjustment is estimated to be between 700MA and 1000MA.
Since there is an 8601.09 branch in the middle, you are more likely to receive price adjustments near this point.
Medium-term MA: 200, 300, 500MA
Long term MA: 700, 1000MA
---------------------------------
It is supported by 1000MA.
If yes, check to see if you can rise above 9096.79 and the upward trend line.
However, there are many gaps between MAs.
I think the MA will converge at any point, and determine where the flow will be based on where it is formed.
If I keep the price near 1000MA, I think that if I can wait for MA to rise and converge, I can gain strength and go higher.
After the MAs converge, of course they may fall.
However, in this situation, I think it is more likely to rise than fall.
The range of price adjustment is estimated to be between 700MA and 1000MA.
Since there is an 8601.09 branch in the middle, you are more likely to receive price adjustments near this point.
[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/
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