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(1M chart)
If it falls at 729.51, it is expected to turn to a downtrend.
In the wRSI_SR indicator, the RS and SR lines are located in the overbought section.
Accordingly, it is expected to turn into a downtrend.
(1W chart)
In the wRSI_SR indicator, the RS and SR lines are located in the overbought section.
When the RS line breaks down the SR line, you need to check the price change.
Looking at the CCI-RC indicator, it remains to be seen if the CCI line can rise along the uptrend line.
If you fall to touch the uptrend line, you need to see the price change.
(1D chart)
If you go down at 883.91, you need a short stop loss.
If it falls at 729.51, you need a Stop Loss to preserve profit or loss.
Looking at the wRSI_SR indicator, there is a trend of breaking above the existing trend line again.
You need to see the price change when it falls above 80, overbought.
The RS and SR lines break above the trend line, and the next volatility period is expected around January 16th.
In the meantime, we have to see if we can move sideways above 883.91.
From the CCI-RC index, the distance between the CCI line and the EMA line is much apart.
Accordingly, the CCI line may fall and touch the uptrend line.
In this case, you need to check the price change.
I think it's important to be able to defend the price above the 883.91 point in the short term coming forward.
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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 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.
Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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 or 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 or CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
(1M chart)
In the wRSI_SR indicator, the RS and SR lines are located in the overbought section.
Accordingly, it is expected to turn into a downtrend.
(1W chart)
When the RS line breaks down the SR line, you need to check the price change.
Looking at the CCI-RC indicator, it remains to be seen if the CCI line can rise along the uptrend line.
If you fall to touch the uptrend line, you need to see the price change.
(1D chart)
If you go down at 883.91, you need a short stop loss.
If it falls at 729.51, you need a Stop Loss to preserve profit or loss.
Looking at the wRSI_SR indicator, there is a trend of breaking above the existing trend line again.
You need to see the price change when it falls above 80, overbought.
The RS and SR lines break above the trend line, and the next volatility period is expected around January 16th.
In the meantime, we have to see if we can move sideways above 883.91.
From the CCI-RC index, the distance between the CCI line and the EMA line is much apart.
Accordingly, the CCI line may fall and touch the uptrend line.
In this case, you need to check the price change.
I think it's important to be able to defend the price above the 883.91 point in the short term coming forward.
-------------------------------------------------- -------------------------------------------
** 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.
Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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 or 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 or CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
