Dogecoin (DOGE) - October 17
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Welcome, traders.
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(DOGEUSD 1W Chart) - Medium to Long-Term Perspective
Above the 0.06797120 point: the uptrend is expected to continue
Above 0.25437029 point: Expected to create a new wave.
You need to make sure that you can form a support section in the 0.16991897-0.25437029 section.
(1D chart)
First resistance section: near the 0.32034017 point
Second resistance section: 0.42661992-0.47975979
Support section: 0.16092054-0.21406041
If the price declines from the support area, it may move towards the 0.06797120 point, requiring a short-term Stop Loss.
The price must remain above the 0.25437029 point to turn into an uptrend.
The 0.32034017-0.37730207 section is a psychological resistance section, so you need to be careful about your movements.
The volatility around October 20 (October 19-21) should see if there is any movement outside the 0.16092054-0.25437029 range.
Accordingly, careful trading is required.
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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.
------------------------------------------------------------ -----------------------------------------------------
** 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 been released yet.
(Since it is not publicly available, 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.)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(DOGEUSD 1W Chart) - Medium to Long-Term Perspective
Above the 0.06797120 point: the uptrend is expected to continue
Above 0.25437029 point: Expected to create a new wave.
You need to make sure that you can form a support section in the 0.16991897-0.25437029 section.
(1D chart)
First resistance section: near the 0.32034017 point
Second resistance section: 0.42661992-0.47975979
Support section: 0.16092054-0.21406041
If the price declines from the support area, it may move towards the 0.06797120 point, requiring a short-term Stop Loss.
The price must remain above the 0.25437029 point to turn into an uptrend.
The 0.32034017-0.37730207 section is a psychological resistance section, so you need to be careful about your movements.
The volatility around October 20 (October 19-21) should see if there is any movement outside the 0.16092054-0.25437029 range.
Accordingly, 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 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.
------------------------------------------------------------ -----------------------------------------------------
** 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 been released yet.
(Since it is not publicly available, 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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