Tezos (XTZ) - March 29Hello?
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It remains to be seen if it can move above the 4.27079683 point, breaking off the downtrend line.
If it falls, we have to see if it gets support at 4.11994017.
At this point, it is advisable not to fall below the downtrend line.
If it falls between 2.96586101-3.29209496, Stop Loss is required to preserve profit and loss.
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(XTZBTC 1D chart)
It remains to be seen if it can gain support at 758 Satoshi and climb along the uptrend line.
We need to see if it can rise above the M-Signal line on the 1W chart in order to turn to an uptrend.
We must watch for any movement that deviates from the 622 Satoshi-944 Satoshi section.
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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)
