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(AERGOUSD 1W Chart)
The key is whether it can find support at 0.16029916 and move higher than 0.20774306.
If not, you should check to see if it is supported near 0.10313975.
(1D chart)
It is located in the 0.14295967-0.16029916 section after the surge.
If support is found in the 0.14295967-0.16029916 zone and moves up, I expect it to touch the 0.20774306 point.
Otherwise, it is expected to decline near the 0.10313975-0.11893989 section.
To see if this surge was a move to turn into an uptrend, we need to see if there is support near 0.14295967.
However, you should observe the movement as it can create a pull back pattern.
------------------------------------------------------------ -----------------------------------------------------
** 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-T indicator used in the chart is an indicator of our channel that has not been released yet.
** 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.)
---------------------------------
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(AERGOUSD 1W Chart)
If not, you should check to see if it is supported near 0.10313975.
(1D chart)
It is located in the 0.14295967-0.16029916 section after the surge.
If support is found in the 0.14295967-0.16029916 zone and moves up, I expect it to touch the 0.20774306 point.
Otherwise, it is expected to decline near the 0.10313975-0.11893989 section.
To see if this surge was a move to turn into an uptrend, we need to see if there is support near 0.14295967.
However, you should observe the movement as it can create a pull back pattern.
------------------------------------------------------------ -----------------------------------------------------
** 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-T indicator used in the chart is an indicator of our channel that has not been released yet.
** 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.)
---------------------------------
[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/
