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(CAKEUSD 1W Chart)
Careful trading is required as the chart has not yet completed a single wave.
Accordingly, it is important to keep the price above the 15.1757179-20.0044522 interval.
(1D chart)
It needs to find support at least at the 17.7234416-20.4991555 range to convert into an uptrend.
If it falls from the 15.1757179 point, you can touch the 9.3962999 point, so you need a Stop Loss to preserve your profit and loss.
This is an important section with several lines passing through the section 15.1757179-20.4991555.
If it climbs in this section, I expect it to touch above the 26.0505834 point.
However, if it does not rise above the 26.0505834 point, it is highly likely that the downtrend will continue, so trade cautiously.
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(CAKEBTC 1W chart)
Careful trading is required as the chart has not yet completed a single wave.
Accordingly, it is important to keep the price above the 0.0002687-0.0003450 range.
(1D chart)
We'll have to wait and see if we can cross the 0.0004053-0.0005358 section.
In particular, we should see if we can break out of the downtrend line.
If it falls from the 0.0004053 point, a Stop Loss is required to preserve profit and loss.
However, it can touch the 0.0002903 point and move up, so you need to trade cautiously.
------------------------------------------
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 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.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** 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.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(CAKEUSD 1W Chart)
Accordingly, it is important to keep the price above the 15.1757179-20.0044522 interval.
(1D chart)
It needs to find support at least at the 17.7234416-20.4991555 range to convert into an uptrend.
If it falls from the 15.1757179 point, you can touch the 9.3962999 point, so you need a Stop Loss to preserve your profit and loss.
This is an important section with several lines passing through the section 15.1757179-20.4991555.
If it climbs in this section, I expect it to touch above the 26.0505834 point.
However, if it does not rise above the 26.0505834 point, it is highly likely that the downtrend will continue, so trade cautiously.
-------------------------------------
(CAKEBTC 1W chart)
Accordingly, it is important to keep the price above the 0.0002687-0.0003450 range.
(1D chart)
In particular, we should see if we can break out of the downtrend line.
If it falls from the 0.0004053 point, a Stop Loss is required to preserve profit and loss.
However, it can touch the 0.0002903 point and move up, so you need to trade cautiously.
------------------------------------------
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 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.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** 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.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
