Tezos (XTZ) - April 9Hello?
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We have to see if we can get support at 5.57573265 and rise above the 6.22820058 point.
In particular, it remains to be seen if it can rise along the uptrend line.
If you move down from the 4.82546199 point, you need a short stop loss.
In the wRSI_SR indicator, the RS line is showing a decline without continuing the upward trend of more than 50 points.
As a result, volatility may occur, so careful trading is necessary.
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(XTZBTC 1D chart)
944 Satoshi-1164 Satoshi We must see if there is any movement that deviates from it.
If you keep the price above the M-Signal line on the 1W chart, it is likely to continue the upward trend.
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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 the sake of 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.
Therefore, 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 that oh92 disclosed. (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: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
