readCrypto

Still on a downward trend in the big picture

readCrypto Mod Updated   
OANDA:NAS100USD   US Nas 100
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(NAS100USD chart)

After going through a period of volatility, it eventually showed a decline.

The 11988.2 point is the HA-High indicator point on the 1W chart, so if the price rises above this point and maintains the price, it is expected to continue its mid- to long-term upward trend.

If not, you need to make sure you get support around section 3, 11366.9-11578.2.


However, if the HA-Low indicator on the 1D chart moves and is created, it is important whether it is supported near that point.


The big trend is in the downtrend, as seen on the 1M chart.

To break out of this downtrend, the price needs to stay above the HA-Low indicator on the 1M chart.

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(SPX500USD chart)
To turn into a short-term uptrend, the price must rise above the HA-Low indicator on the 1D chart.

So, either it rises above 3987.7 or it has to be shaken and the HA-Low indicator goes down.

If it fails, you should check for support around 3774.9, the point of the HA-Low indicator on the 1W chart.

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(DXY chart)
Bollinger bands are starting to converge.

Therefore, whether there is a movement out of the 102.020-105.873 section has become an important issue.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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Comment:

I think what we should pay attention to is not the NAS100USD and SPX500USD charts.

I think what we should pay attention to is the DXY chart.
The reason is that it is a chart that gives you an overview of what the world money flow will be like.

This is because the decline of DXY will energize the investment market, while the rise will slow it down.

If you are trading stocks, it is also important to check the movements of the index charts corresponding to NAS100USD and SPX500USD.

If you only trade in the coin market, there are actually no charts that you can see, but I think it's good to check the DXY chart because it's good to know the flow of the investment market.

What you need to look at in the coin market is the USDT.D chart as the main chart, and you can additionally look at the USDT and BTC.D charts.
Comment:
(DXY chart)
We are passing through the volatility period of March 13-15.


(SPX500USD chart)
In order to turn into a short-term uptrend, a move above 3931.2 is required to confirm support.


(NAS100USD chart)
The key is whether it can continue its long-term uptrend from a trend perspective by rising above the downtrend line (2).

However, since the HA-Low and HA-High indicators of the 1M chart are formed high, it is necessary to check whether it can be shaken to make it fall or rise to that point.
Comment:
(DXY chart)
The period of volatility is over.
The next period of volatility is around April 3rd.


(SPX500USD chart)
If the price does not rise above the 3984.7 point of the HA-Low indicator on the 1D chart, it is highly likely that it will continue to break the recent lows, so be careful.

Accordingly, it is necessary to check whether it rises above the HA-Low indicator on the 1D chart or shakes up and down to make it fall.

The key here is not to fall below 3774.9.


(NAS100USD chart)
It is important to be supported in section 2 and to be able to rise above the M-Signal of the 1M chart.

If so, the key is to keep the price moving around 12497.5.

The next period of volatility is around April 3rd.
Comment:
(DXY chart)
If it rises above 104.738 and fails to find support, a decline near 102.020 is likely.

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(SPX500USD chart)
It needs to rise above 3984.7-4000.0 to turn into a short-term uptrend.

In order to continue the mid- to long-term upward trend, it must rise above 4037.6.

Therefore, the key is whether it can rise above the 3984.7-4037.6 section.

If not, you should check for support around 3774.9.

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(NAS100USD chart)
If support is confirmed around 12497.5, it is expected to continue its upward trend.

However, the key is whether it can break through the resistance section consisting of the volume profile section of 12896.2-13231.6 and the 1M chart's HA-Low indicator point of 13480.9.

Therefore, it is necessary to check whether it rises above 13480.9 or shakes up and down to make the HA-Low indicator on the 1M chart fall.

At this time, the important thing is not to fall below the uptrend line (1).
Comment:
(DXY chart)


(SPX500USD chart)


(NAS100USD chart)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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