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(MATICUSDT 1W Chart)
The key is whether it can support and rise above the 0.6163-0.8191 section.
(1D chart)
Primary resistance: 1.1690-1.2245
Secondary resistance: 1.63-1.8328
Support: 0.6163-0.8191
The 0.6163-0.8191 interval is the interval that determines the trend.
Therefore, if the price is maintained above the 0.6163-0.8191 range, it is expected to rise to around 1.2245.
If it falls below the 0.5590-0.6163 section, there is a possibility that it may lead to a further decline, so Stop Loss is required to preserve profit and loss.
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(1W chart)
Looking at the wave using the HA-Low, HA-High, and MS-Signal indicators described in today's BTC analysis, it is not yet known whether the second wave of uptrend is in progress or the first wave of decline is in progress.
However, if the price rises above the MS-Signal indicator and maintains the price, it is highly likely to lead to a second upward wave.
If not, there is a possibility that a down primary wave will develop or lead to a bearish secondary wave.
In this way, the wave theory can only be known when it is finished.
However, we can take advantage of the HA-Low, HA-High, and MS-Signal indicators and have the opportunity to react when they exceed them.
(1D chart)
If you look near the reversal of the trend, you can see that there is a difference in the horizontal length of the HA-Low and HA-High indicators.
In an uptrend, the horizontal length of the HA-Low indicator is longer than the horizontal length of the HA-High indicator.
Conversely, in a downtrend, the horizontal length of the HA-High indicator is longer than the horizontal length of the HA-Low indicator.
Therefore, the wave in progress is more likely to be a rising one-wave wave.
------------------------------------------------------------ -----------------------------------------------------
** 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 MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV index was re-created by applying a formula to the DepthHouse Trading index, an index disclosed by oh92. (Thanks for this.)
** 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.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
---------------------------------
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(MATICUSDT 1W Chart)
(1D chart)
Primary resistance: 1.1690-1.2245
Secondary resistance: 1.63-1.8328
Support: 0.6163-0.8191
The 0.6163-0.8191 interval is the interval that determines the trend.
Therefore, if the price is maintained above the 0.6163-0.8191 range, it is expected to rise to around 1.2245.
If it falls below the 0.5590-0.6163 section, there is a possibility that it may lead to a further decline, so Stop Loss is required to preserve profit and loss.
-------------------------------------------------
(1W chart)
However, if the price rises above the MS-Signal indicator and maintains the price, it is highly likely to lead to a second upward wave.
If not, there is a possibility that a down primary wave will develop or lead to a bearish secondary wave.
In this way, the wave theory can only be known when it is finished.
However, we can take advantage of the HA-Low, HA-High, and MS-Signal indicators and have the opportunity to react when they exceed them.
(1D chart)
In an uptrend, the horizontal length of the HA-Low indicator is longer than the horizontal length of the HA-High indicator.
Conversely, in a downtrend, the horizontal length of the HA-High indicator is longer than the horizontal length of the HA-Low indicator.
Therefore, the wave in progress is more likely to be a rising one-wave wave.
------------------------------------------------------------ -----------------------------------------------------
** 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 MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV index was re-created by applying a formula to the DepthHouse Trading index, an index disclosed by oh92. (Thanks for this.)
** 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.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is 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/
