Tezos (XTZ) - November 21Hello?
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(XTZUSD 1W Chart) - Medium to Long-Term Perspective
Above 1.73723670 point: expected to continue uptrend
(1D chart)
First resistance section: near 7.65800539
Second resistance section: 9.38247520-9.95729845
First support section: near point 4.20906577
Second support section: 2.48459596-3.05941921
I think the 5.35871233-5.93353558 interval is an important interval to determine the trend.
Therefore, it is necessary to check which direction it deviates from the section 5.35871233-5.93353558.
In particular, it is expected that the price will be maintained above the 5.57381603 point to turn into an uptrend.
The price should remain above the 3.6953689 point to continue the uptrend that started on July 21st.
In particular, in order to continue the uptrend from the current position, it must rise above the 6.32842596 point.
If the decline is from the 5.35871233-5.93353558 zone, it may touch the first support zone, so trade cautiously.
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(XTZBTC 1W Chart)
More than 0.00014931-0.00017620: Expected to create a new wave.
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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 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 yet been released.
(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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