0x (ZRX) - July 8Hello?
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(ZRXUSD 1W Chart)
If the price holds above the 0.41591415 point, we expect the uptrend to continue.
In particular, if the price is maintained above the 0.95918710 point, it is expected to create a new wave.
(1D chart)
We need to hold the price in the 0.62310545-0.86537809 zone to see if it can turn into an uptrend.
In particular, if the price is maintained in the range of 0.86537809-1.10765073, it is expected that the upward trend will continue.
If it falls from the 0.41591415 point, it will enter the mid- to long-term investment area, so you need to trade carefully.
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(ZRXBTC 1W Chart)
If you look at the big picture, it forms a box section from the 1203 Satoshi-4710 Satoshi section and is in the middle of the sideways.
As it rises above the 2517 Satoshi-2979 Satoshi section, it remains to be seen if it can rise above the 4710 point, the upper point of the box section.
If the price holds above the 4710 Satoshi point, it is expected to create a new wave.
(1D chart)
If the price is maintained in the 2106 satoshi-2619 satoshi range, it is expected to turn into an upward trend.
However, we expect the uptrend to accelerate only when it deviates from the downtrend line.
If it goes down, you should find support at the 1850 satoshi-2106 satoshi zone and see if it moves along the uptrend line.
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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)
