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We have to see if we can gain support by going above 2.8250 points for further price increases.
So, if you want to make a new investment, I recommend checking out your support at the 2.8250 point.
If you fall from the 2.1243 point, you will likely touch below the downtrend line (4), so you need a Stop Loss to preserve your profit or loss.
We also need to see if there can be divergence on the upside as we break above the downtrend line (3).
I think that the upward wave begins when it breaks above the 3.7849-40849 section.
(1W chart)
As Bollinger Bands are now starting to converge, I think it's unreasonable to expect them to rise immediately.
During the consolidation period, it is expected to break above the 4.0849 point and climb up to near the 12.7530 point.
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** All indicators are lagging indicators.
So, it's important to know 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 traditional Stochastic RSI indicator. (K, D line -> R, S line)
** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator.
** 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 and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We have to see if we can gain support by going above 2.8250 points for further price increases.
So, if you want to make a new investment, I recommend checking out your support at the 2.8250 point.
If you fall from the 2.1243 point, you will likely touch below the downtrend line (4), so you need a Stop Loss to preserve your profit or loss.
We also need to see if there can be divergence on the upside as we break above the downtrend line (3).
I think that the upward wave begins when it breaks above the 3.7849-40849 section.
(1W chart)
During the consolidation period, it is expected to break above the 4.0849 point and climb up to near the 12.7530 point.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to know 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 traditional Stochastic RSI indicator. (K, D line -> R, S line)
** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator.
** 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 and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
[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/
