Tron (TRX) – August 4 for BINANCE:TRXUSD by readCrypto

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(TRXUSD 1W Chart)

If the price holds above the 0.03074453-0.04413840 range, it is expected that the uptrend will continue.

(1D chart)

If the price is maintained in the 0.05118284-0.07253780 range, it is expected to turn into an uptrend.

If the price holds above the 0.07253780 point, I would expect it to reorient itself in the range 0.09389276-0.10457024.

If the price falls in the range of 0.04050536-0.05118284, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.


( TRXBTC 1W Chart)

If the price is maintained above the 259 Satoshi point, it is expected to create a new wave.

(1D chart)

If the price is maintained in the range of 168 Satoshi-199 Satoshi, it is expected to turn into an uptrend.

If it falls in the 121 Satoshi-137 Satoshi range, it is possible to enter the mid- to long-term investment area, so 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.

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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 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.)

** See support, resistance, and abbreviation points.

** 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.

Explanation of abbreviations displayed in 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 section where you can buy to make a profit as a support point or section.

(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.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they are not traded 24 hours a day.

G1 : Closing price when closed

G2: Opening price

(Example) Gap (G1-G2)

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