@SignOfficial #SingDigitalsoreveigninfra $SIGN
REAL TECHNICAL ANALYSIS OF THE CRYPTOCURRENCY SING IN DAILY TIME INTERVALS, ON TRADEVIEW, YOU CAN ALSO GRAPH THEM ON BINANCE, OR THE DEMO.
FIRST, WE MUST OBSERVE THE PRICE TREND. IN THE LONG TERM AND SHORT TERM, IN THE PREVIOUS ARTICLE, WE OBSERVED SING IN WEEKLY INTERVALS, WITH SOME BEARISH PROJECTIONS, OK
NOW IN THIS DAILY CHART, WE HAVE 3 IMAGES, ONE SHOWS THE PRICE AT A CROSSROADS, WHERE WE OBSERVE A SMALL BEARISH TREND, AND WE ARE JUST ABOVE AN IMPORTANT SUPPORT WITHIN THAT SMALL ASCENDING CHANNEL, BLACK COLOR, WHERE THE PRICE IS EMBEDDED, BUT IF YOU OBSERVE IN DETAIL, THE PRICE IS ALSO IN ANOTHER DESCENDING CHANNEL OF WINE RED COLOR, WHERE WE CAN SEE A CLEARER BEARISH TREND.
NOW WHAT WILL THE PRICE DO?
IT WILL LIKELY CORRELATE WITH THE MARKET AND REPEAT THE SAME MOVEMENTS, WE MUST GRAPH THE MARKET IN GENERAL TO GET A BETTER READING OF THE LANDSCAPE.
WE MUST ALSO GRAPH IN SHORTER TIME INTERVALS FOR SHORT AND MEDIUM-TERM DECISION MAKING. (SCALPING) INTRADAY, SWING, WHAT WE DO KNOW IS THAT WE WILL OPEN LONG POSITIONS IF THE PRICE EXCEEDS THE RESISTANCE OF 0.41 UP TO POSSIBLE 0.072, DOUBLE RESISTANCE ZONE WITH BLACK AND RED LINES ABOVE.
IN CASE OF SHORT SELLING OPERATIONS, WE WILL SELL ON BREAKING SUPPORTS AT 0.025. UP TO AN IMPORTANT SUPPORT WHICH IS 0.005.
SET ALARMS IN SUPPORT AND RESISTANCE VALUE ZONE-
YOU CAN OBSERVE WITH THE STOCHASTIC INDICATOR POINTING TO OVERBOUGHT ZONES BETWEEN 0 AND 20, AND HOW THE MACD INDICATOR ALSO POINTS DOWN TO BEAR ZONE, WITH SOME DIVERGENCES, THE PRICE IS LOSING TRADING, WHICH ARE ACTUALLY THE LAST 3 DAYS OF THIS WEEK IN WHICH THE PRICE HAS LOST VALUE AND FELL TO SUPPORT ZONES. YOU CAN OBSERVE THE DOUBLE TOP THAT THE PRICE MADE THE LAST CANDLES
