Get started
WTI Cash (or Spot) Contract

69.374-70.880 section is a crossroads

76

Hello, traders.

If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.

-------------------------------------

The April TradingView competition is sponsored by PEPPERSTONE.

Accordingly, we will look at the coins (tokens) and items that can be traded in the competition.

Let's talk about the SPOTCRUDE chart.

--------------------------------------

(SPOTCRUDE 1M chart)
snapshot
We need to see whether it will rise along the trend line (1) or fall along the trend line (2).

Since the volume profile section is formed around 75.723, the key is whether it can rise above this section.

If it fails to rise, it will eventually meet the HA-Low indicator of the 1M chart.

Currently, the HA-Low indicator of the 1M chart is formed at 43.327.

-
(1D chart)
snapshot
The M-Signal indicators of the 1D, 1W, and 1M charts are in reverse arrangement.

Therefore, in order to continue the upward trend, it must eventually rise above the M-Signal indicator of the 1M chart.

Therefore, the key is which direction it deviates from the 69.374-70.880 section.

When the competition started,
- If the price is maintained above 70.880, the long position is expected to be advantageous,
- If the price is maintained below 69.374, the short position is expected to be advantageous.

However, since the overall trend of the chart is down, a short and quick response is required when trading with a long position.

-
Thank you for reading to the end.
I hope you have a successful transaction.

--------------------------------------------------
readCrypto
Mod
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.

◆ t.me/readCryptoChannel

[HA-MS Indicator]
bit.ly/3YxHgvN

[OBV Indicator]
bit.ly/4dcyny3



Also on:
Beyond Technical AnalysisHA-MSTechnical IndicatorsSPOTCRUDEtradingstrategyTrend Analysiswticrude

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Beyond Technical AnalysisHA-MSTechnical IndicatorsSPOTCRUDEtradingstrategyTrend Analysiswticrude
readCrypto
Mod
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.

◆ t.me/readCryptoChannel

[HA-MS Indicator]
bit.ly/3YxHgvN

[OBV Indicator]
bit.ly/4dcyny3



Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.