supply demand zones breack out

lucacrebbe

Active Trader
Jun 26, 2017
108
1
32
41
Look at this gaph
Is the 15.50 level (the second black line in teh middle) a supply/demand zone? Must it be considered? When broken does it Have more importance than the first breack line breack?
What will happen when we breack the 15 (the third black line) will then we go to 14 or 13?
Thank you I can't understand it's too complicated this Chainlink analysis
 

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bottomhigh

Newbie
Aug 16, 2020
21
5
4
29
Look at this gaph
Is the 15.50 level (the second black line in teh middle) a supply/demand zone? Must it be considered? When broken does it Have more importance than the first breack line breack?
What will happen when we breack the 15 (the third black line) will then we go to 14 or 13?
Thank you I can't understand it's too complicated this Chainlink analysis

It really depends on your rules because, S/R lines, trend channels is a kind of flexible tool. Two analysts or traders can define them differently and both can be right! This is wonderful feature of technical analysis.
 

lucacrebbe

Active Trader
Jun 26, 2017
108
1
32
41
It really depends on your rules because, S/R lines, trend channels is a kind of flexible tool. Two analysts or traders can define them differently and both can be right! This is wonderful feature of technical analysis.
Price just stopped at 15.50 usd...
 

Uaredaty

Trader
Jan 19, 2019
64
3
24
29
I have impression that things are mixed here. Based on your trading method you should apply adequate technical analysis indicators. You also will find which time frame to watch on the graph. For example you cannot trade scalping and follow daily historical chart
 

darrensammy

Banned
Jul 21, 2020
32
8
19
28
I don’t think that the chart provides any clear information about supply/demand zone that would have proved helpful.