Although it is still close to the intersection, it is likely to rise, but as shown in the first stage of the decline, it showed a sharp dip below the downward trend line.
1st point of decline: 100MA on the weekly chart.
2nd dip: 20MA or purple uptrend line on the monthly chart.
3rd point of decline: 1000MA on the daily chart.
A rebound will occur at one of the first or third declines.
If you continue to touch Uptrend line drawn at the beginning of 2019, you'll be reselected around October 27th.
The beginning of a new history has begun.
1st point of decline: 100MA on the weekly chart.
2nd dip: 20MA or purple uptrend line on the monthly chart.
3rd point of decline: 1000MA on the daily chart.
A rebound will occur at one of the first or third declines.
If you continue to touch Uptrend line drawn at the beginning of 2019, you'll be reselected around October 27th.
The beginning of a new history has begun.
[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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