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Cosmos (ATOM) - September 16

BINANCE:ATOMUSD   Cosmos
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(ATOMUSD 1W Chart)
If the price holds above the 8.9843770-10.6181781 range, we expect the uptrend to continue.

In particular, if the price is maintained above the high point of 17.6656889, it is expected to create a new wave.


(1D chart)
If the price is maintained in the range of 32.82772488-36.7282127, it is expected that the uptrend will continue.

If it goes down, you should check to see if it finds support at the 30.8767670-32.82772488 zone.

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(ATOMBTC 1W chart)
If the price holds above the 0.0003152-0.0003749 range, we expect the uptrend to continue.

In particular, if the price is maintained above the 0.0005845-0.0007650 range, it is expected to create a new wave.


(1D chart)
If the price is maintained in the critical range of 0.0005845-0.0007650, the uptrend is expected to continue.

If you fall from the 0.0005845 point, you can touch near the 0.0004898 point, so you need a short stop loss.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.