Synthetix Network Token (SNX) - March 18Hello?
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You should watch for any movement that deviates from the 16.809-20.397 section.
It remains to be seen if the volatility around March 23rd (March 22-24) increases above 20.397 points and breaks the downtrend line.
If you go down at 16.809, you can touch 13.222, so you need a Stop Loss to preserve profit or loss.
In order to turn to an uptrend, it needs to be supported in the 20.397-21.592 range.
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(SNXBTC 1D chart)
You should see if you can climb along the uptrend line (1) and climb above the 0.0003403 point.
In particular, it remains to be seen if it can deviate from the downtrend lines (3) and (4).
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** All indicators are lagging indicators.
So, it's important to know 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)
