Tezos (XTZ) - August 12Hello?
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(XTZUSD 1W Chart)
If it rises above the 4.419243 point, it is expected to create a new wave.
(1D chart)
If the price holds above the 3.34063 point, it is expected that the uptrend will continue.
The section 3.34063-4.419243 is a volume profile section and is expected to create a new wave if it breaks through this section upward.
If it declines from the 1.85532069 point, there is a possibility of entering the mid- to long-term investment zone, so you need to trade cautiously.
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(XTZBTC 1W Chart)
If the price is maintained above the 6690 Satoshi-9730 Satoshi section, it is expected to turn into an uptrend.
However, in order to get out of the trough section, it must rise above the section 14930-17620.
(1D chart)
We need to see if we can get support by going up to the 7880 Satoshi-8500 Satoshi section.
To continue the uptrend, it needs to rise above the 8500 Satoshi point.
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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)
