Monero (XMR) - October 5Hello?
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(XMRUSD 1W Chart) - Mid-Long-Term Perspective
Above the 93.02191270 point: the uptrend expected to continue.
Above 140.80749648-160.228881 section: It is expected to create a new wave.
(1D chart)
First resistance section: 219.75932043-270.217125 section
Second resistance section: 346.95104192-391.37736817 section
A move higher in the first resistance zone is expected to turn into an uptrend.
A decline from the first resistance section could lead to below the 175.70500518 point, requiring a short-term Stop Loss.
If you touch near the 140.80749648 point, you need to check whether it rises to the first resistance section with a sharp rise.
In that case, it can be seen that the section 140.80749648-160.228881 has a strong support section.
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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 with the movement of price and volume.
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.
(Because 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 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.)
