If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day.
-------------------------------------
(ETHUSDT 1D chart) No matter what the trend of the 1M and 1W charts is, I believe that the movement in the short term is dominated by the trend on the 1D chart.
It appears that the current BW indicator has touched the lowest point of the oversold range.
However, since it has not yet reached the horizon, we need to watch the movement of today's candles.
This volatility period runs until April 13th, so you need to check where the candle closes today.
The 3025.27 point is the HA-High indicator point on the 1W chart, and the 3321.30 point is the HA-High indicator point on the 1M chart.
Therefore, the key is whether it can be supported and rise around 3025.27-3321.30.
If it falls to around 3025.27, you should check whether a new HA-Low indicator is created.
If a new HA-Low indicator is created, an important factor is whether it receives support around it.
These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.