Algorand (ALGO) - September 10Hello?
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(ALGOUSD 1W Chart)
If the price holds above the 0.50221395-0.76754798 range, we expect the uptrend to continue.
(1D chart)
Support is found at 1.90329264 and is breaking above the 2.11836146-2.25112275 section.
In the 2.25112275-2.51664536 section, you need to maintain your momentum to see if you can continue with further climbs.
If they do, they should check to see if they find support at the 2.11836146-2.25112275 area.
If it falls in the 1.72007755-1.90329264 section, a short-term stop loss is required.
The next volatility period is around September 28th.
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(ALGOBTC 1W chart)
It is rising in the 1075 Satoshi-4309 Satoshi section, which is a sideways section.
If it rises above the 6469 Satoshi point and maintains the price, it is expected to create a new wave.
(1D chart)
It remains to be seen if the 4309 satoshi-5422 satoshi section can find support and rise above the 6469 satoshi 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 it 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)
