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RE: Steemit Crypto Academy Season 3-Week 5 | Trading Crypto With Ichimoku-kinko-hyo Indicator - Part 2
In the image shown above, a trend line or a descending trend line A was drawn, and there was price resistance at B, and the resistance line was drawn, and when the price reached point C, it broke the downtrend and succeeded in closing above the resistance and thus became support
PROFESOR,what does this last line mean??
True, in the chart, I chose a resistance line a little higher than point C, but what I mean is the level of the intersection of the downtrend with another resistance line since several resistance levels can be identified.
so, sir in the above figure Senkou Span A working as resistance and as price enter inside it then it will work as support??
Here we are not talking about the Senkou Span line. There is only an intersection between the downtrend line and the resistance level (it is not drawn on the chart, which will turn into a support line after the crossover at point C) and the price represented by the candle.