readCrypto

Hycon (HYC) - May 16

readCrypto Mod Updated   
OKEX:HYCUSDT   None
Hello?
Dear Traders, Nice to meet you.

"Like" is a great power for me ("Like" gives me the power to post charts).
By "following" you can always get new information quickly.
Thank you for always supporting.

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Because it showed a lot of rise, I posted it.

It rose 144.17% in the week corresponding to February 03.

Currently, it has risen to 0.00117 ~ 0.00269 (up 129.91%).
I still think there is room to go up from 0.00290 to 0.00327.
However, I think it is possible to gain further if you get support above the 0.00230 point.

After February 03, it fell about 60%.

If you think it will drop about 50% after rising this time, you are likely to touch below 0.00113.
Therefore, we believe that careful trading is necessary.

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** Check 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 profit or loss on investment.

Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
Comment:
Comment:
(1W chart,)
On the weekly chart, there is a possibility that it will rise once more.
However, we do not recommend buying.
We hope that you judge carefully and get good results.
Comment:
Comment:
(1W chart)
It shows more than expected.
It is necessary to check whether it can rise above the 0.00327 point and rise into the 0.00414~0.00620 section of the Low section, or if it can rise and receive support and sideway.
Comment:
Comment:
You need to make sure you can get support above 0.00327.
You should also make sure you get support at 0.00289.
Comment:
In order to get out of the LOW section, it is necessary to check if you can get more than 0.00414 points with support from the 0.00327~0.00414 section.

You should also check if you can rise above 0.00620 points and make sideways to create new waves.

I think that below 0.00620 is a long-term investment area.
Accordingly, I think you should be cautious about new investments.

We believe that the full-fledged movement starts at 0.00776 or higher.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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