The big rise broke the flow of the chart. Accordingly, I think that a box section should be formed for accurate analysis.
Due to volatility around February 28 (February 27-March 1), it is declining at 225.2330.
Touch the uptrend line (2) and the MS-Signal line and see if you can go up.
If you go down at 171.2388, you can touch the 117.2447 point, so you need a short Stop Loss.
If it falls between 90.2477-117.2447, a Stop Loss is required to preserve profit and loss. However, you need to trade carefully as you can touch the uptrend line (1) and go up.
In the CCI-RC indicator, it remains to be seen whether the CCI line can turn upward and rise above the EMA line. If the CCI line falls below 100, it is expected that volatility will occur, so careful trading is necessary.
** 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 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)
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