Last week, I was bullish. It was true that my skills were not up to par and I misunderstood the weekly chart
Last week, I was bullish. It was true that my skills were not up to par and I misunderstood the weekly chart. Although 26574 was supported by the weekly and daily charts, it has been supported several times and has indeed rebounded. How to say that a rebound in support level is normal and does not mean a reversal. As for the daily line, in the downward channel, the big sun lured multiple false breakthroughs, and I also misunderstood it as a block A and B to attract more funds and attack again. Wrong is wrong, there are still many areas that need to be learned and improved. But my view on the long-term trend of Tecoin has not changed. Before the launch of the Big Bull, it will definitely reach 16000 or even lower, which is what the monthly trend told me. Without further ado, let's take a look at the large and small cycle disk analysis below.
The monthly line, low hanging and restored in place, the k-line entity is shorter than each other, and the rise is weak. The combination of numbers 1, 2, and 3 is called San Xiucai, and vice versa, the combination of numbers 1 and 2 is called San Samurai. The cross star between 1 and 2 is an upward relay because it is less than one-third of the number one. Then on the 4th, there is a small overcast line with a clear downward trend, so the monthly line is downward.
On the weekly chart, the M head broke the neckline and fell, making a head shoulder top. The neck line was pulled up and back, but it continued to fall in a downward direction. There are two supports below the weekly line, one is the head, shoulder, and neck line support of 24300, and the other is the opening price of 22000 in Dayang
The daily line, head and shoulder top breaks, false breakouts of the big yang, and no downward channel have been crossed. The big yin and big yang within the form are invalid unless they break through. At that time, due to a misunderstanding of the weekly chart, it led to a bullish outlook. At the close of this morning, 26574 support also fell below the large negative volume, and the daily line was also down. At present, we haven't reached the support level yet. Don't rush for a rebound, don't go long. To go long, you must have a 4-hour double bottom structure, which is the minimum requirement. The first support below is at 25000, with the downward channel, the opening price of Dayang, and the head, shoulder, and bottom neckline basically overlapping. Therefore, the support here is very strong, and if you want to go long, you need to wait until 25000 before considering. The next support is the lower rail of the head and shoulder top channel, with the green channel line on the diagram. The next support is 22000.
At the 4-hour level, the one at 4 o'clock is less than half of the one at 0 o'clock, with a downward direction. Let's start with a rebound of 26000. The top language will appear in 15 minutes and 1 hour. High 1 will not do anything, high 2 will sell short at high 3, with a target of 25000
At present, the four levels of month, week, day, and 4 hours are all downward, selling short on high. Long and short selling must be based on the overall trend, with two levels of consistency setting the direction, and three levels of consistency driving. The levels mentioned here refer to monthly, weekly, daily, and 4-hour levels, with adjacent levels being consistent. Then, go to the secondary and secondary levels to find buying points. Have a look, everyone. The level is limited and does not constitute investment advice.
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
