readCrypto

Crypto.com Coin (CRO) - August 11

BITTREX:CROUSD   Cronos
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(CROUSD 1W Chart)
If the price is maintained above the 0.08572-0.0976 range, it is expected that the uptrend will continue.


(1D chart)
If the price holds above the 0.12963731 point, it is expected that the uptrend will continue.

However, it is expected that the direction will be determined again in the section 0.16234487-0.17869866.

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(CROBTC 1W chart)
It remains to be seen whether the 322 satoshi-500 satoshi section can store up the upward force by going sideways.

If it falls from the 322 Satoshi point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.

If it rises above the 500 Satoshi point, it is expected to create a new wave.


(1D chart)
We'll have to see if we can get support by going up to the 327 Satoshi-349 Satoshi section.

If it falls from the 283 satoshi point, it can touch near the 200 satoshi point, so you need to trade carefully.

It must rise above the 349 Satoshi point to continue the uptrend.

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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 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/
Disclaimer

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