Today's (2/7) top recommended ironclad entry! (ETHUSD)
❝Ten-chiChart (Reiwa Edition)❞
Today (2/7)’s top pick ironclad entry!
（ETHUSD）
★ Moving average support/resistance lines (3 lines dashed)
Indicator support/resistance lines (3 lines dashed)
Entry at the point where it breaks above/below almost simultaneously!
Among the many moving averages, in an uptrend,
there are certain lines that effectively act as support lines for pullbacks (support lines) with a certain width.
Also, in a downtrend,
there are lines that effectively act as resistance lines for retracements with a certain width.
In other words, if in an uptrend the price breaks below a support line, the downtrend begins, and
if in a downtrend the price breaks above a resistance line without being bounced back, an uptrend begins.
In short,the support and resistance lines become turning lines.
This concept also applies to indicators.
In Tenchi Chart (Reiwa Edition), not only moving averages,but also
the curves of indicators are displayed clearly assupport lines/resistance lines = turning lines.
＼ 【Tenchi Chart (Reiwa Edition)】’s Gogojan product page is here／
https://www.gogojungle.co.jp/tools/indicators/42380
