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You need to make sure you can get support at point 3.0339.
We need to see if we can get support at the 3.0339 point and break above the downtrend line and move above the 3.3252 point.
According to the wRSI_SR indicator, the RS line is falling below 80 and is turning into a short-term downtrend, so if it is supported at the 3.0339 point, further price increases are expected when the short-term uptrend turns.
Looking at the CCi-RC indicator, it is rising at zero.
It remains to be seen if the CCI line can rise above 100 to form an uptrend.
If it falls from the 2.8250 point, a Stop Loss is required to preserve profit and loss.
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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 to interpret the indicators.
** 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.)
GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
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.
-------------------------------------------------- -----
You need to make sure you can get support at point 3.0339.
We need to see if we can get support at the 3.0339 point and break above the downtrend line and move above the 3.3252 point.
According to the wRSI_SR indicator, the RS line is falling below 80 and is turning into a short-term downtrend, so if it is supported at the 3.0339 point, further price increases are expected when the short-term uptrend turns.
Looking at the CCi-RC indicator, it is rising at zero.
It remains to be seen if the CCI line can rise above 100 to form an uptrend.
If it falls from the 2.8250 point, a Stop Loss is required to preserve profit and loss.
-------------------------------------------------- -------------------------------------------
** 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 to interpret the indicators.
** 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.)
GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
[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/
