readCrypto

Theta Network (THETA) - September 6

BINANCE:THETAUSD   Theta Token
Hello?
Welcome, traders.

By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.

-------------------------------------

(THETAUSD 1W Chart)
The support section is not properly formed.

However, if the price is maintained above the 1.9172981-2.9437615 range, it is expected to continue the upward trend.


(1D chart)
If the price is maintained in the range of 6.4637041-8.6007292, the uptrend is expected to continue.

The 8.6007292-9.6692416 section is resistance and we need to see if we can break through it upwards.

To accelerate the uptrend, it needs to rise above the 9.6692416 point.


If it falls from the 2.9437615 point, you need a Stop Loss to preserve your profit.

-------------------------------------

(THETABTC 1W chart)
The support section is not properly formed.

However, if the price is maintained above the 7530 Satoshi point, it is expected that the upward trend will continue.


(1D chart)
You need to check if you can get support by ascending to the 16140 Satoshi-18030 Satoshi section.

If the price is maintained in the 12370 satoshi-16140 satoshi range, it is expected to turn into an upward trend.

However, in order to continue the upward trend, it must rise above the 18030 Satoshi point.

If it falls from the 12370 Satoshi point, Stop Loss is required to preserve profit and loss.

------------------------------------------

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.

------------------------------------------------------------ -----------------------------------------------------

** 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 the 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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.