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.

But Bitcoin price prediction 2025 what kills me is with so many experts in the market place no body cautions retailers about the level of market and the dangerous situations poor people can get into.
The key to successful trading is to predict the Dogecoin price history and future trends of the asset accurately. You will receive handsome returns if you make the prediction correctly. On the other hand, you will lose your capital if you make the wrong prediction. Therefore, it gala coin can be quite tricky for an amateur.
When the variables presented in a chart are not all within the control of the viewer, there is a lack of focus. If you can't change a variable, why show it?
Now, if you could make a reliable forecast of long-range changes in the price of gasoline, you could make a killing in the futures market. However, that is beyond the scope of this article. It is, in fact, impossible. Let's just stick with saving a few bucks on our yearly gasoline budget.
Trend lines are important elements of any trading strategy that is profitable, but they should not be considered in isolation but in conjunction with other indicators that support it. The longer a trend line and the more highs or lows it has touched the stronger it is and the more reliable it becomes as a future indicator of a reversal.