As you might have surmised, the formula plots five lines on your trading chart. These lines are commonly Ethereum price prediction 2026 referred to as S S PP R and R2. S1 and R1 are the first lines of potential support/resistance on your chart. The pivot point is the primary line of support and/or resistance.
The Bitcoin price prediction 2025 answer is simple and obvious. Salespeople have very different objectives than academicians. Academicians analyze facts in an effort to reveal the truth - and salespeople, well let's just say that too many are less concerned with the truth DOGE to USD Conversion than with their own financial bottom line.
In my past 4-5 years in market I have really learned my lessons and have decided to stay away from the market. Although market has given me some profit Dogecoin price history and future trends over all that the thrilling experience that I got while choosing, seeing my stocks fly high and then fall down .... Always great falls are more memorable than gains. That's why I always remember the great fall in 2006 when my profits moved from 1.5 lakhs positive to negative 1 lakh.
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Retracements - Horizontal lines are used to show the points of resistance or support. After identifying the high and low prices on the chart, five lines are marked. The first line will be at 100% or the high point. The second line appears at 61.8%. The third line appears at 50%. The fourth line appears at 38.2%. The fifth and final line will be at 0% which is also the low point. Whenever a noticeable price fluctuation occurs, the new support and resistance areas will be within these lines.
The actual situation is somewhat more complex than this. In reality the investor never really buys the contract but actually sells it to a third party. The third party wants the contract before it matures. There is also the 'put' option, which is actually a form of selling short. It means selling a contract before you actually own it on the assumption that the price will fall. In this way you will be able to buy the contract at a lower price and pocket the difference between the price you sold it at before owning and the actual price you were able to buy it for.