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(ZILUSD 1W chart)
(1D chart) We need to see if we can get support and climb in the 0.15914493-0.17864466 range.
If it falls at 0.15914493, you need a Stop Loss to preserve profit or loss. However, you can touch the 0.14156899 point and go up, so you need to trade carefully.
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(ZILBTC 1W chart)
(1D chart) We have to see if we can get support and ascend in the 398 Satoshi-421 Satoshi section.
If it falls, we need to see if we can get support at point 387 and move up along the uptrend line.
If the CCI line does not rise above 100 points and the EMA line on the CCI-RC indicator, it is likely to be in a downtrend and requires careful trading.
In order to maintain the uptrend, it must rise above the 0.20511546 point and be supported.
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It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
** 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 the sake of 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. Therefore, the interpretation is the same as the conventional 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)
wow, wish I sold some at 26 cent couple days ago!! It looks like most of the alts won't go beyond 20 cent.
readCrypto
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@saynab44, (ZILUSD 1W chart)
If the price stays above the 0.10766796 point, it is expected to create a new wave.
This new wave is expected to rise above its previous high of 0.23557644.
(1D chart)
Therefore, it is expected to take the direction again, ascending to the 0.295643004-0.315142777 section.
saynab44
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@readCrypto, Thx, but yeah it kinda sucks, it will prolly take months to consolidate before it can hit 30 cents. Do you think we will see $1 this yr? Cuz many youtubers/influencers believe alt season is over.
readCrypto
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@saynab44, I think the rise and fall of prices is an absolute flow that we cannot change anyway.
I'm also doing coin analysis and trading together.
Analysis and trading are completely different matters.
If you proceed with analytical trading, there is a possibility that the transaction will go wrong.
Trading should be done at your own average unit price.
Only the response to the average unit price is important in trading.
Trading does not matter whether the coin market is bullish or bearish.
Investing is buying when it goes down and selling when it goes up to make a profit.
If you stick to this principle, I think you can definitely make good trading.