Tezos (XTZ) - June 14Hello?
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(XTZUSD 1W Chart)
If the price holds above the 3.34063000 point, we expect the uptrend to continue.
If it enters the long-term investment zone below the 1.73723670 point, it is likely that it will take a long time to rise, so you need to trade cautiously.
(1D chart)
We'll have to wait and see if we can climb above the 3.34063000 point.
If it goes down, you should check to see if it finds support at the 2.31528369-2.83410604 area.
It needs to rise above the 3.87175079 point to find support in order to turn into an uptrend.
If it rises after going sideways in the 2.83410604-3.87175079 section, it is expected to rise above the 4.62820566 point.
However, if it does not break above the 4.62820566-4.90939554 section, it is expected that the downtrend will continue, so careful trading is required.
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(XTZBTC 1W Chart)
You should watch for any movement that deviates from the 0.0000727-0.0000973 interval.
In particular, you need to make sure you can move up along an uptrend line.
It is expected that it must rise above the 0.0001211 point to turn into an uptrend.
(1D chart)
We should see support in the 0.0000790-0.0000851 zone and see if there is any movement outside the downtrend line.
To convert into an uptrend, it needs to rise above the 0.0000974 point and find support.
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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 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)
