readCrypto

Compound (COMP) - October 5

OKX:COMPUSDT   Compound/Tether
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(COMPUSDT 1W Chart) - Mid-Long-Term Perspective
Above the 144.58-287.10 section: The uptrend is expected to continue.


The centerline of OBV in the volume indicator is showing a lot of upside.
We need to see if the green width increases as the centerline of OBV declines.

If the price is maintained above the range of 144.58-287.10 with this change in trading volume, it is expected to lead to a large increase.


On the wRSI_RC indicator, you need to check if the RS line rises below 20.

If this change is accompanied by a volume explanation, we would expect it to turn into an uptrend and move up along an uptrend line.


(1D chart)
Support section: 220.36-266.58 section.

First resistance zone: near point 359.03.
Second resistance section: 451.47-497.69 section.

If it falls from the support zone, it is expected to touch the 144.58-191.87 zone, which is the boundary zone of the mid- to long-term investment area.

I mentioned the resistance section separately, but the resistance section is formed throughout the volume profile section spanning the section 359.03-529.78.

It is expected that it will take some time to break through this section upwards, but if the BTC price rises to the 50K level and maintains the price, it may rise accordingly, so we need to watch the flow.


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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 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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Because it is not public, 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/
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