Next period of volatility : from around July 25thHello?
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(ELFBTC 1W chart)
You are on sideways.
The question is whether it can rise above 0.0000 1384 to get out of this sideways.
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(ELFUSDT chart)
The question is whether the price can sustain the rise above 0.3111.
Therefore, it is necessary to check whether there is a movement out of the 0.2621-0.3131 range while passing through the volatility period starting around July 25th.
Since the channel formed by the trend line forms an extension channel, if it fails to rise above 0.3111, I would expect a decline around 0.2168.
Therefore, when it falls below 0.2616, the point of the HA-Low indicator on the 1D chart, that time corresponds to the stop loss zone.
If price holds above 0.3111, I would expect a move towards 0.3980.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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