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We need to see if we can get support and climb in the 0.41066231-0.43554974 range.
In particular, we have to watch for movements that deviate from the downtrend line.
If you fall from the 0.40424868 point, you can touch the 0.336 point, so you need to trade carefully.
If it falls at the point of 0.31499658, a Stop Loss is required to preserve profit and loss.
Compared to the movement of the XLM price, you can see that the trading volume has decreased considerably.
It remains to be seen if the centrality can rise as the green of OBV in the volume indicator increases.
In the CCI-RC indicator, it remains to be seen if the CCI line rises by more than 100 and breaks above the EMA line.
When the uptrend begins, it is expected to rise above the 0.53372627 point.
The next volatility period is around March 18th.
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(Binance XLMUSDT 1D Chart)
We have to see if we can get support at 0.40587 and ascend above 0.43713.
In particular, we have to see if we can get off the downtrend line.
If you fall in the 0.37041-0.39265 range, you can touch the 0.30368 point, so you need to trade carefully.
If it falls from the 0.30368 point, a Stop Loss is required to preserve profit and loss.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------------------- -----
We need to see if we can get support and climb in the 0.41066231-0.43554974 range.
In particular, we have to watch for movements that deviate from the downtrend line.
If you fall from the 0.40424868 point, you can touch the 0.336 point, so you need to trade carefully.
If it falls at the point of 0.31499658, a Stop Loss is required to preserve profit and loss.
Compared to the movement of the XLM price, you can see that the trading volume has decreased considerably.
It remains to be seen if the centrality can rise as the green of OBV in the volume indicator increases.
In the CCI-RC indicator, it remains to be seen if the CCI line rises by more than 100 and breaks above the EMA line.
When the uptrend begins, it is expected to rise above the 0.53372627 point.
The next volatility period is around March 18th.
-------------------------------------------------- -------
(Binance XLMUSDT 1D Chart)
We have to see if we can get support at 0.40587 and ascend above 0.43713.
In particular, we have to see if we can get off the downtrend line.
If you fall in the 0.37041-0.39265 range, you can touch the 0.30368 point, so you need to trade carefully.
If it falls from the 0.30368 point, a Stop Loss is required to preserve profit and loss.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
[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/
