How do you determine support on charts?
I held my 2100 link up to $20, and held even though I knew a pull back was on the way. I’m still holding and I’ve seen people saying 15.50 was support, how do you determine that?
How do you determine support on charts?
Alexander Flores
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Brayden Taylor
Bump one time
Xavier Lopez
Prior levels, but I see it going back down to 13
Isaac Adams
every time btc has ever been above 20wma chainlink has mooned
20wma is 9400 rn
link will continue to moon
Michael King
Prior levels of what?
The resistance from before, how far back do you look to determine? What makes you think 13?
Noah Ward
Support is at around $14.70
t. I eyeballed it
Tyler Ross
Draw some triangles on the chart, then ask your ouija board. Or you can use dice
Owen Brown
Don't listen to Pajeet, he shits on the street.
John Turner
Haven't looked at the chart as not a linky but support usually exists where there was prior resistance. I'd imagine 15 would be a good number, it takes time to break through as retards set sell orders to profit take around round numbers, humans are pretty predictable. There would have been massive orders at 15. Then more at 16 etc. Clever investors use this normie behavioral trait of worshipping round numbers to trade accordingly.
Not knowing what support and resistance is before trading a market tells me you are unlikely to make it lad.
TLDR Previous resistance to break a price point is usually support on a retrace.
Anthony Morris
I haven’t traded anything yet.
I got into link a few years back and have held. I’m not trading anything yet, maybe once I’ve learned I’ll try.
As of right now I’m just asking questions.
I appreciate the info about normal human behaviors, it made sense.