TRUE NEW INCREASE VOLUMETRUE shows a new increase in volume, which could be confirmed in the coming time frames.
We will follow the coin to see if it's able to confirm.
The reason for the volume is the trend data that this coin shows.
This coin is at basic choice on daily trends.
True can show in the coming time frames interesting targets.
Building coins can take some time before action.
Truerange
Volatility Measurement: Average True Range Hello, dear subscribers!
The market volatility measurement is a very important for the trading strategies constructing. One of the most appropriate and effective way to do it is to use the Average True Range (ATR) indicator.
How to calculate ATR?
First of all we should receive True Range value and calculate it's moving average on 14 periods. The True Range is a maximum of three values:
1. High - Low
2. Absolute value of (High - Previous candle close)
3. Absolute value of (Low - Previous candle close)
Thus, this indicator takes into account not only the current candle prices, also for the previous candle.
How to use it?
This indicator can't help to define the future price action direction but it can be very useful in combination with other indicators. The most appropriate way is to combine it with any oscillator. The oscillator will help you to identify the overbought and oversold conditions or bullish/bearish divergences, as a result you can define the direction of potential price move. The ATR will define the best entry point when the price on the minimum/maximum level.
ATR is greatly triggered on huge pumps and dumps, as you can see on the chart after that price usually has a correction which can be used in your trades.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
long above 2105 short below 2080 at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long side all time high short side around 1600 area would be kind of an ideal target for LONG time swing long !!