Tron (TRX) - February 17Hello?
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You should watch for any movement that deviates from the 0.05050-0.06103 range.
In particular, we have to see if it can rise above the 0.05577 point.
If it falls, you need to make sure you get support in the 0.04787-0.05050 range.
If you fall from 0.04787 point, you can touch 0.03998 point, so you need a short Stop Loss.
On the wRSI_SR indicator, it remains to be seen if the RS line rises by more than 20 and can turn into a short-term uptrend.
On the CCI-RC indicator, it remains to be seen if the CCI line can rise along the drawn uptrend line.
Due to the volatility of BTC price, altcoins' prices are either sideways or are undergoing price adjustments.
Amid this trend, if we can keep the price above the 0.04608 point maximum, we expect further gains.
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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 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 published by oh92. (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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
