Start of a full-scale uptrend: Expected to rise above 0.11087
2024-11-08


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(XLMUSDT.P 1M chart)

A volume profile section has been formed across the 0.09250-0.09704 section.

Accordingly, the point of observation is whether it can receive support near 0.09250-0.09704 and rise above 0.11753.

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(1W chart)


Since the M-Signal indicator of the 1W chart is passing around 0.09704, if the price is maintained above 0.09704, I think it is highly likely that it will attempt to break through the M-Signal indicator of the 1M chart upward.

Accordingly, the key is whether it can rise to around 0.11087 and maintain the price.

If it rises above the M-Signal indicator of the 1M chart and maintains the price, a full-scale uptrend is expected to begin.

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(1D chart)

If the price is maintained above 0.09704, it seems that the M-Signal of the 1D chart will change to > M-Signal of the 1W chart.

Therefore, it seems likely to gain strength in the uptrend.


However, as I mentioned earlier, since the M-Signal indicator on the 1M chart must rise above the level for the full-scale uptrend to begin, the key is whether the price can be maintained by rising above the M-Signal indicator on the 1M chart.

Since it has broken through the upper part of the linear regression channel, we need to check whether it can be supported near 0.10333.

If not, we need to check whether it can be supported near 0.09704.

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Therefore, I think we can trade depending on whether it is supported near 0.10171-0.10333.

(1h chart)

Since it is expected to cross the 5EMA on the 1D chart soon, we need to check which support and resistance points it is located at and whether we can trade.

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Have a nice time.
Thank you.

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- ​​Big picture

It is expected that the real uptrend will start after rising above 29K.

The area expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15

These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.

We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.

#BTCUSD 1M

If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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