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(IOTAUSD 1W diagram)
If price is held above the 0.57391761-0.70752520 area we expect the uptrend to continue.
In particular, if the price is held above the 1.20630784-1.70386253 range, a new wave is expected to emerge.
We need to find support near the critical point 1.40242016 and see if we can continue the uptrend.
If it does go down, you should check to see if it finds support in zone 1.07896204-1.20630784.
If it falls in the range of 1.07896204-1.20630784 it can fall below 0.79672550, so a stop loss is required to get profit and loss.
If it moves above 2.01140741 and breaks out of the downtrend line, the uptrend is expected to accelerate.
It is important to be able to break through the resistance section formed in section 2.33397396-2.48227711 strongly upwards.
(IOTABTC 1W diagram)
If the price holds above the 2993 Satoshi point, it is expected to break out of the consolidation zone and enter an uptrend.
However, in order to create a new wave, the price must rise above the 6200 satoshi point to hold the price.
If support is found in the 3231 Satoshi-3524 Satoshi section, the upward trend is expected to continue.
If it goes down we should see if it finds support at the satoshi point of 2993.
If it drops from Satoshi point 2993, a short term stop loss is required.
If it falls in the Satoshi area of 1768-2061 Satoshi, it can move into the medium to long-term investment area, so careful trading is required.
We recommend that you trade with your average unit price.
This is because if the price is below your average unit price, whether the price trend is in an uptrend or a downward trend, the chances are high that you will not be able to make a big profit because of the psychological distress.
The midpoint of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be acting in the wrong direction.
It is therefore important to find a way to lower the average share price and adjust the proportion of the investment so that the funds corresponding to the profits can ultimately regenerate themselves.
** All indicators are trailing indicators.
Therefore, it is important to know that the indicator moves in accordance with the price movement and.
However, for the sake of simplicity, we speak the other way around when interpreting the indicator.
** The indicators MRHAB-O and MRHAB-B used in the chart are not yet published indicators of our channel.
(As it is not public, 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 that can be obtained by adding settings and options to the existingIndicator.
Hence the interpretation is the same as the traditional oneIndicator. (K, D line -> R, S line)
** The OBV indicator was recreated by applying a formula to the DepthHouse Trading indicator, an indicator published by oh92. (Thanks for that.)
** Support or resistance based on the closing price on the 1D chart.
** All descriptions are for reference only and do not guarantee any gain or loss on the investment.
(Short term stop loss can be referred to as a point where gains and losses can be obtained or additional inputs can be made through split trading. It is a short term investment perspective.)