Theta Network (THETA) - May 3Hello?
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(THETAUSD 1D chart)
We must see if we can move above the 11.22403904 point and break off the downtrend line.
If there is a movement above the downtrend line, it is expected to continue the uptrend.
If you fall from the 8.78208911 point, you can touch the 6.75133141 point or less, so you need a Stop Loss to preserve your profit and loss.
However, it may rise along the uptrend line, so careful trading is necessary.
On the CCI-RC indicator, the CCI line fell below 100 points.
It remains to be seen if the CCI line can rise above 100 points.
If the CCI line does not rise above 100 points, there is a possibility that it will turn into a downtrend, so careful trading is necessary.
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(THETABTC 1D Chart)
We need to see if we can get support at the 19486 Satoshi spot and get off the downtrend line.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls, we need to make sure we get support in the 17437 Satoshi-19486 Satoshi section.
If it falls at the 13341 Satoshi branch, Stop Loss is needed to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
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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)
