NEAR Protocol (NEAR) - July 15Hello?
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(NEARUSDT 1W Chart)
The key is whether it can be supported by rising to the 5.379-6.613 section.
(1D chart)
Bollinger Bands are contracting.
Therefore, the key is whether there is movement out of the 3.374-3.813 section.
Depending on the direction it deviates, it is expected to rise above 5.379 or fall below 2.337 depending on finding support or resistance.
If the CCI line rises above the EMA line, it is expected to lead to further gains.
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This is a chart that disables the indicator that displays the horizontal line in the MRHAB-T indicator.
Therefore, this chart is for trending only.
You cannot trade on charts that only look at trends.
The reason is that, when conducting a transaction, you are more subjective.
Therefore, it is necessary to establish objective points, namely support and resistance points.
You must establish a trading method (strategy) based on the support and resistance points and proceed with the trade to win the psychological warfare caused by price volatility.
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The indicators included in the MRHAB-T indicator are made by applying the formulas of existing indicators.
Therefore, the indicators that make up the horizon have an objective basis.
The indicators used in this chart can be used normally once the chart is shared.
You can also share charts and paste them into the layout you are using.
To interpret the chart, you need to look at the 1M > 1W > 1D > Hour, Minute chart.
It is possible to trade only by looking at the hour and minute charts for a short period without looking at the overall flow, only for short-term trading or same-day trading.
Unless your trading style is one-day or short-term trading, you should look at and interpret the 1M, 1W, and 1D charts.
So, in a sense, there are a lot of lines added to my chart in addition to the lines created as indicators.
These lines form support and resistance points on most 12M, 1M, 1W, and 1D charts.
If you feel that you can't trade on a trend-only chart by drawing a diagonal line, you already have intermediate or higher skills.
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** 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 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.)
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