Uniswap (UNI) - August 26Hello?
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(UNIUSD 1W Chart)
If the price is maintained above the 8.75010245-12.92996012 range, the uptrend is expected to continue.
(1D chart)
We need to see if we can break out of the downtrend line by moving towards the 30.64308018-33.25051255 section.
If it falls from the 26.42093574 point, it can touch the 17.75218020-20.86609475 range, so you need to trade carefully.
It is a weak support and resistance point, but should move above the 36.60770033 point to accelerate the uptrend.
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(UNIBTC 1W chart)
If the price holds above the 0.00035399-0.0041575 range, we expect the uptrend to continue.
(1D chart)
We need to see if we can reorient ourselves by ascending to the 0.00058765-0.00064499 section.
If this continues, we should see support at the 0.00047297 point.
Looking at the big picture, the section 0.00047297-0.00058765 is a sideways section.
If the price is maintained in this consolidation zone, it is expected to turn into an uptrend.
However, in order to continue the uptrend, it must rise above the 0.00064499 point.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which 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, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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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 wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, 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 disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in 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 section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
