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Polkadot (DOT) - January 16

OKEX:DOTUSDT   DOT / Tether
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It is on the rise after breaking above 10 points strongly.

We'll have to get support at 13.813 and see if we can climb above 16.369.

If it falls from the 10.0 point, you need a Stop Loss to preserve profit or loss.
However, you need to trade carefully as you can touch the uptrend line and the 8.350 point and move up.

We are making a new wave, so we expect to see good results this year.

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** All indicators are lagging indicators.
So, you need to be aware that the indicator moves accordingly with the movement of price and volume .
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)

Comments

Thnx for your timely advice, makes us to take good call. Have a great day.

Cheers,
Matt 👍
Reply
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