Ethereum / TetherUSUpdated The key is whether it can rise above 2879.90
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(ETHUSDT 1M chart)
In order to turn into an uptrend, the price must rise above the M-Signal indicator on the 1M chart and maintain it.
In order for a full-scale uptrend to begin, the price must rise above 3321.30 and maintain it.
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(1W chart)
The key is whether it can maintain the state where the M-Signal on the 1W chart > the M-Signal on the 1M chart.
To do that, we need to check if it can rise to around 3265.0.
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(1D chart)
Since the HA-Low indicator on the 1D chart was formed at 2646.89, the key is whether it can be supported around this area and rise above the original range.
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If not, we need to check if it can be supported around 2316.10.
Unlike the StochRSI indicator on the BTC chart, it is still in the overbought zone.
Accordingly, the point of interest is whether it can maintain the price by rising above the M-Signal indicator on the 1D chart after the next fluctuation period, around February 24 (February 23-25).
It is important to be able to rise along the long-term upward trend line (1).
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The indicators that can tell the trend on this chart are the Trend Cloud indicator and the M-Signal indicator on the 1D, 1W, and 1M charts.
Therefore, you should first check whether the price is maintained or falling above these indicators and create a trading strategy accordingly.
When starting a trade with the trading strategy created in this way, you should check whether there is support near the HA-Low, HA-High, BW(0), and BW(100) indicators or at the support and resistance points and find the trading point.
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Please refer to the indicator description below for indicators that can help you check whether there is support.
Heikin Ashi Line chart rises, USDT.D Line chart falls, StochRSI rises: The price is likely to rise
Heikin Ashi Line chart falls, USDT.D Line chart rises, StochRSI falls: The price is likely to fall
The rest are likely to show volatility, so be careful when trading.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been in an upward trend since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect to see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support or resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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Note
#ETHUSDT.P
If it fails to rise above 194.36, it is expected to touch the M-Signal indicator on the 1M chart and determine the trend again.
Therefore, support around 147.56 is important.
Trade active
#ETHUSDT
It is important to see whether it can support around 2674.15 and rise above the M-Signal indicator on the 1D chart.
Like BTC, it has started to converge again.
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Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
Related publications
Disclaimer
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.