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(SOLUSDT 1W Chart)
Whether it can move higher than 58.38 is the key.
To do that, you need to make sure you can support and rise above the 24.54-33.39 section.
(1D chart)
Primary resistance: 46.85
Secondary resistance: 58.38
1st support: 38.52
2nd support: 31.81-33.39
If support is found near the Bollinger Bands central line, the 60 SMA line, or 38.52, I would expect a break above the upper line of the Bollinger Bands.
If it declines from 38.52 and finds resistance, I would expect it to move towards near 31.81 and touch the lower line of the Bollinger Bands.
As the Stoch RSI is expected to enter the oversold zone in the near future, the key is to find support near 38.52.
At this time, it is necessary to check whether the CCI line is maintained above the EMA line, the -100 point in the CCI-C indicator.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
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 indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator 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 can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(SOLUSDT 1W Chart)
To do that, you need to make sure you can support and rise above the 24.54-33.39 section.
(1D chart)
Primary resistance: 46.85
Secondary resistance: 58.38
1st support: 38.52
2nd support: 31.81-33.39
If support is found near the Bollinger Bands central line, the 60 SMA line, or 38.52, I would expect a break above the upper line of the Bollinger Bands.
If it declines from 38.52 and finds resistance, I would expect it to move towards near 31.81 and touch the lower line of the Bollinger Bands.
As the Stoch RSI is expected to enter the oversold zone in the near future, the key is to find support near 38.52.
At this time, it is necessary to check whether the CCI line is maintained above the EMA line, the -100 point in the CCI-C indicator.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
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 indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator 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 can be made 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/
