readCrypto

Polygon (MATIC) - August

BINANCE:MATICUSD   MATIC Network
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(MATICUSD 1W Chart)
The support section is weak due to the surge.

If the price is maintained above the 0.34590370-0.68108424 range, we expect the uptrend to continue.


(1D chart)
If the price is maintained in the 0.82077103-1.22720775 range, it is expected to turn into an uptrend.

If it goes down, you should check to see if it finds support at the 0.61755267-0.82077103 zone.

If it rises above the 1.22720775 point, it is expected to re-direct in the section 1.63364447-1.83686282.

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(MATICBTC 1W chart)
The support section is weak due to the surge.

If the price is maintained above the 1259 satoshi-1422 satoshi range, it is expected that the upward trend will continue.

In particular, if the price is maintained above the 2390 Satoshi point, a move to create a new wave is expected.


(1D chart)
If the price is maintained in the 1941 Satoshi-2882 Satoshi section, it is expected to turn into an uptrend.

If it falls in the 1471 Satoshi-1941 Satoshi section, there is a possibility of entering 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/
Disclaimer

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