Understanding Trading The Dynamic Support And Resistance by menoski

hive-167922 · @menoski · Aug 14 '21

$11.59

Understanding Trading The Dynamic Support And Resistance

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Hello everyone, hope you all are doing good? This is the beginning of an exciting two part series, which promises to be informative and also educative, do well to follow all the parts, as you will definitely gain 1 or 2 useful information from the series. In today's article we would be knowing about the Concept of Dynamic Support and Resistance?

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<center>![executium-7gZ3FJ0H51E-unsplash.jpg](https://files.peakd.com/file/peakd-hive/menoski/23xKtYd7AyXcBcaQ5rsSj4pRzLUbL1rN32ovvK4yd7PRwRpHUHEr5qFirvykasDDsQF18.jpg)</center>

<center>Photo by <a href="https://unsplash.com/@executium?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Executium</a> on <a href="https://unsplash.com/s/photos/cryptocurrency?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Unsplash</a></center>
  
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From the word "Dynamic" Support and Resistance, you will definitely know that it is not similar to our traditional Support and Resistance term. Although, support and resistance still have the same fundamental meaning, which is, support level on a chart is when price most likely starts to bounce back up, as it hardly goes below, hence, time for traders to start buying. While, resistance level on a chart is when price most likely starts to drop, as it hardly goes above the price level, hence, time for traders to start to sell.

We mark our traditional resistance and support levels with horizontal lines, whereas the dynamic support and resistance, doesn't do horizontal line marking but rather, it does diagonal line marking, and that's why it is dynamic. Our horizontal traditional resistance and support levels, are static, as they don't adjust with price fluctuation. Whereas the dynamic support and resistance, flow with the price and makes adjustment based on the price movement.

Under the traditional resistance and support, we look for either the highest price level or lowest price level and then drop a horizontal line marking either our resistance or support levels. Under the dynamic resistance and support, we use diagonal line to mark our support and resistance level, because we want to flow with the price movement. So we don't just draw a diagonal line, marking our support and resistance, because that will be inaccurate, we make use of a technical analysis tool, called the **Exponential Moving Average (EMA)**.

To help you understand the concept of dynamic support and resistance better, I will be showing two examples on how the dynamic support and resistance works on the chart. 

<center><h5>Dynamic Support Levels</h5></center>

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<center>![7.1.jpg](https://files.peakd.com/file/peakd-hive/menoski/23tSzR6HTqTkpHkVs8S3Myh7tQ6oHYv7h5JStLKCwUz7er4wir9aqRKaxoEqJbUAXUniV.jpg)</center>

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From the image above, you can clearly see how the EMA works, whenever the price touches the EMA indicator, it bounces back, hence, indicating the support levels.

<center><h5>Dynamic Resistance Levels</h5></center>

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<center>![6.1.jpg](https://files.peakd.com/file/peakd-hive/menoski/23tSyz38DH21hBJaPgyxLxZbQt66jyyhnGhpwtZnqnvaeWowbgfUeofp8s46zANYz1bqF.jpg)</center>

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I hope you all found the article interesting and exciting. Do well to share your thoughts about the article in the comment section below. Thanks.



<center>![HNWT6DgoBc14riaEeLCzGYopkqYBKxpGKqfNWfgr368M9Wj16sy9L2FLoMKzyyDvhGzkw7di9PwELb1KmcWjTry3LS37ofeg3FYBxijjJ5BqZCyybeD3nMxmJzA.png](https://files.peakd.com/file/peakd-hive/menoski/X4mfpd5h-HNWT6DgoBc14riaEeLCzGYopkqYBKxpGKqfNWfgr368M9Wj16sy9L2FLoMKzyyDvhGzkw7di9PwELb1KmcWjTry3LS37ofeg3FYBxijjJ5BqZCyybeD3nMxmJzA.png)</center>


<center>⚫️⚪️⚫️</center>

<center><h3>Thanks For Reading</h3></center>

<center><h3>Till Next Time, Stay Safe</h3></center>


</div>

👍 ph-support, project.hope, newhope, eric818, creativeblue, crypto.piotr, jerrybanfield, karamyog, josevas217, steemitcentral, menoski, arunava, hive.curation, ctime, cyrusemerson, wilhb81, culgin, merlin7, arcange, help.venezuela, defi.campus, awah, neoxiancity, shortsegments, franyeligonzalez, uyobong, lastminuteman, cyemela, nutritree, ph-fund, emiliomoron, nairadaddy, adesojisouljay, carrieallen, laruche, alvinauh, thetimetravelerz, capp, peerzadazeeshan, lanzjoseg, yusvelasquez, simplex-world, akdx, benie111, doifeellucky, mynima, machnbirdsparo, minerthreat, jagged, mariusfebruary, reverseacid, syedumair, blockchainfo, fatman, mandate, gandhibaba, retinox, mccoy02, evegrace, jrcornel, yohan2on, legoman, paragism, co2admin, and 77 others

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`created`	2021-08-14 04:02:33
`last_update`	2021-08-14 04:02:33
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raphaelle	530,079,917	1%
jrcornel	5,690,331,726	100%
walterjay	2,061,639,013	0.17%
newhope	2,479,294,292,244	24%
lastminuteman	27,660,240,092	47.5%
gbenga	3,103,703,178	50%
eric818	1,529,784,811,037	100%
jagged	8,441,949,109	25%
jerrybanfield	215,475,856,700	25%
arunava	102,482,980,558	7.5%
felt.buzz	1,504,694,484	0.17%
qsyal	1,533,997,529	25%
syedumair	7,688,359,623	5%
valchiz	711,615,612	15%
devcoin	1,035,058,761	50%
carrieallen	16,919,961,804	15%
sawcraz.art	2,264,208,098	50%
fatman	6,986,937,780	2%
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gotgame	2,087,001,585	50%
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doifeellucky	9,915,284,230	100%
cjsean	818,713,594	17.5%
alvinauh	14,545,775,049	25%
mtl1979	952,466,943	25%
chireerocks	310,648,983	10%
nairadaddy	19,816,831,156	50%
hendersonp	2,366,630,683	25%
purapapita	965,288,282	50%
tolustx	4,544,201,176	25%
fortunex	4,599,295,654	25%
benie111	9,939,940,528	50%
sholly1	2,364,280,089	50%
gamsam	514,360,773	25%
legoman	5,561,238,629	50%
adesojisouljay	18,305,854,589	25%
gandhibaba	6,779,718,551	5%
culgin	71,935,926,914	100%
trabajosdelsiglo	2,917,669,697	25%
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lanzjoseg	12,623,737,143	6.25%
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victorialanz	874,730,634	40%
steempampanga	1,746,881,635	25%
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retinox	6,680,003,178	24.92%
peerzadazeeshan	13,661,181,463	37.5%
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supersoju	396,014,440	100%
uyobong	30,366,883,317	25%
karupanocitizen	2,531,656,556	25%
paragism	5,341,029,089	25%
franyeligonzalez	31,184,097,725	25%
machnbirdsparo	9,056,565,252	25%
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menoski	117,069,397,885	100%
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crypto.piotr	622,186,755,013	50%
minerthreat	8,734,982,616	25%
akdx	9,983,988,306	12.5%
khiabels	2,809,398,300	22.5%
yusvelasquez	12,121,498,254	20%
truthtrader	904,013,249	25%
tysler	3,602,456,353	47.5%
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karamyog	190,976,543,965	50%
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nutritree	26,404,167,490	35%
cyberspacegod	2,800,071,058	100%
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london65	2,467,563,769	22.5%
vgalue	2,313,764,479	12.5%
steemitcentral	176,993,574,376	70%
perazart	2,088,076,603	50%
anira.art	3,711,910,268	50%
creativeblue	1,302,198,313,520	50%
merlin7	62,644,307,109	25%
reverseacid	7,864,295,424	50%
veronik28dic	1,354,033,564	50%
edgarare1	898,276,897	25%
mintymile	2,689,417,030	50%
esclavos75	2,258,165,359	12.5%
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ctime	88,623,829,453	2.5%
cabalen	671,214,397	17.5%
jadung	1,598,022,520	25%
help.venezuela	47,177,968,435	30%
rappler	639,797,726	12.5%
theithei	959,537,333	20%
blockchainfo	6,990,553,073	100%
gangstalking	1,318,231,755	1%
tinster	717,854,066	25%
glstech	1,154,823,216	25%
roadofrich	903,028,240	100%
zaku-ag	1,565,454,849	30%
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xawi-ag	525,842,571	15%
neoxiancity	32,109,625,692	30%
co2admin	4,806,760,061	12.46%
capp	13,979,646,627	100%
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mk-leo-token	244,159,562	100%
dark-queen	970,862,622	12.5%
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tonimontana.neo	0	0.29%
ilidan	928,719,627	12.5%
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ph-fund	23,215,228,907	50%
toni.curation	16,666,086	1%
toni.pal	0	1.37%
awah	34,218,383,019	25%
kgsupport	1,117,339,961	25%
laruche	15,521,929,689	0.35%
mynima	9,303,576,098	37.5%
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ph-support	4,606,280,598,578	50%
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mmmmkkkk311	0 B		-20,112,213,202	-0.25%