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readCrypto
Oct 12, 2023 11:56 PM

Above 0.07679: Expected to create a new upward wave 

TRON / TetherUSBinance

Description

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Since we operate a stablecoin based on TRX, a drop in price can be a very dangerous warning.

Accordingly, it is one of the coins (tokens) that must be certain about how profits will be realized during trading.

In that sense, if it falls below 0.05378, it is necessary to check the movement of the stable coin (USDD).


(TRXUSDT chart)

If the price remains above 0.07679, it is expected to create a new wave.

(1W chart)

It is necessary to check whether the price can be maintained above 0.07725 and rise above 0.11964.


(1D chart)



Since it has fallen from a rising channel, I think it is highly likely that the current trend will continue until a new trend is created.

Since the StochRSI indicator is currently in the oversold zone, it is necessary to check at which point or zone it receives support or resistance when it leaves the oversold zone.

Accordingly, it is necessary to check whether it can quickly rise above 0.08867 or be supported around 0.08177.

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** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

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