Sushi (SUSHI) - June 17Hello?
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(SUSHIUSD 1W Chart)
We need to see if we can hold the price above the 7.0498946 point and continue the uptrend.
If it goes sideways in the 10.8528552-17.3510977 section, it is expected to lead to a large uptrend.
(1D chart)
It remains to be seen if the price can sustain in the 7.9443046-11.6706336 segment.
In particular, we should watch to see if we can move up along the uptrend line.
If it goes down, you should check to see if it finds support at the 6.0811401-7.9443046 zone.
As long as it does not fall below the downtrend line, an uptrend is expected.
To convert into an uptrend, it needs to move above the 10.8528552 point and find support.
However, if you do not deviate from the two downtrend lines, you should trade conservatively as there are restrictions on the uptrend.
If it fails to break above the 10.8528552-11.6706336 section and falls, it is expected that the downtrend will continue, so careful trading is required.
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(SUSHIBTC 1W chart)
It remains to be seen if the price can sustain above the 0.0002254 point.
In order to continue the uptrend, we need to watch if it moves along the uptrend line.
(1D chart)
It is important to keep the price in the range 0.0002248-0.0002796.
If it continues to fall, you can touch the 0.0001425-0.0001699 range, so you need to trade carefully.
It needs to find support at least above the 0.0002486 point to turn into an uptrend.
However, if it does not rise above the 0.0002796-0.0003070 section, it can maintain a downtrend, so careful trading is required.
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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)
