Stellar (XLM) - April 8Hello?
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(XLMUSD 1W Chart)
Primary resistance: 0.287263-0.307301
Secondary resistance: 0.402523-0.439998
Support: around 0.124080
We need to see if we can break out of a bearish channel and lead to an uptrend.
(1D chart)
(buy)
- After confirming the support near 0.228422
(Stop Loss)
- When it falls below 0.201066 and then receives resistance
(Sell)
- When resistance is received in the 0.287263-0.307301 section
- When resistance is received in the range 0.402523-0.439998
However, if it rises above 0.429421, there is a possibility of a sharp rise, so careful trading is required.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** 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.)
** 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.
(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.)
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