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Dogecoin (DOGE) - July 30

POLONIEX:DOGEUSD   Dogecoin
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(DOGEUSD 1W Chart)
If the price is maintained above the 0.16991897-0.23923275 range, it is expected to create a new wave.


(1D chart)
It is breaking out of the downtrend line.

We need to see if we can climb above the 0.23923275 point by climbing from the 0.16092054-0.21406041 section.

In particular, we need to keep the price in the 0.23923275-0.32034017 range to see if it can turn into an uptrend.


If it declines from the 0.16092054 point, it is expected to enter the mid- to long-term investment zone as the support section is weak.
Accordingly, careful trading is required.

However, it may follow an uptrend line, so be prepared for this.

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(DOGEBTC 1W chart)
It fell at the critical point of 574 Satoshi.

Accordingly, there is a possibility of a decline near the 260 Satoshi point, so you need to trade with caution.

If the price holds above the 260 satoshi point, it is expected to continue the upward trend.

However, since the price difference between the high and the high is large, it is likely that it will take a long time for the price to turn into an uptrend.


(1D chart)
The support zone is weak, but if the price is maintained in the 412 satoshi-610 satoshi range, it is expected to turn into an uptrend.

If it falls in the 313 Satoshi-412 Satoshi section, it is expected to enter the mid- to long-term investment area, so careful trading is required.

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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/
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