Polkadot (DOT) - February 28

27 февр. 2021 г.

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The volatility around February 28 should be watched to see if there is any movement that deviates from the 30.122-38.856 range.

If you drop at 30.122, you need to make sure you get support in the 27.211-30.122 range.

If it falls from the 27.211 point, you can touch the 19.723-21.389 section, so you need a Stop Loss to preserve profit or loss.
However, you need to trade carefully as you can touch the uptrend line and go up.

The M-Signal line on the 1W chart is crossing near the 30.122 point, so if support is gained, further gains are expected.

For further gains, we need to see if the CCI line can support the EMA line and rise on the CCI-RC indicator.

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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 the sake of 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.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** 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 and 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, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)