Hello, traders.
If you "Follow", you can always get the latest information quickly.
Have a nice day today.
-------------------------------------
(ETHUSDT 1D chart)
It is showing an upward breakout of the important zone of 2419.83-2706.15.
We need to see if the price can be maintained by rising above the Fibonacci ratio of 0.5 (2788.93).
If so, it is expected to rise to the resistance zone of 3265.0-3321.30.
The important zone of 2419.83-2706.15 is the support and resistance zone that can lead to a full-fledged uptrend.
Therefore, if it falls below this zone, we should stop trading and watch the situation.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain more details when the bear market starts.
------------------------------------------------------
Trade active
#ETHUSDTThe key is whether the uptrend can continue in the triangle channel formed by the mid- to long-term trend line and the short-term trend line.
If so, it is expected to create a new wave.
Since the StochRSI indicator is in the overbought zone, it will soon show a downward trend.
At that time, if the price is maintained above the mid- to long-term trend line, that is, if it shows support near 2921.73, it is expected to create an uptrend.
The HA-High ~ DOM(60) section of the 1W chart is formed in the 3265.0-3644.71 section.
The HA-High ~ DOM(60) section of the 1M chart is formed in the 3321.30-3438.16 section.
Therefore, if it breaks through the 3321.30-3438.16 range (up to 3265.0-3644.71), there is a possibility of a sharp rise.
Therefore, you should be careful about volatility.
As I keep saying, the conditions for breaking through the important support and resistance zone upward are:
- The K of the StochRSI indicator should not be in the overbought zone, and should maintain the state of K > D.
- The PVT-MACD oscillator indicator should maintain an upward trend. (If possible, it should be above the 0 point.)
- The OBV indicator of the Low Line ~ High Line channel should maintain an upward trend. (It is good if the OBV indicator maintains an upward trend above the High Line.)
I think that the upward trend can continue only if the above conditions are met.
If not, there is a high possibility that it will pretend to rise and fall.
Note
#ETHUSDTSignals that it is approaching its high point are starting to appear.
Accordingly, the possibility of the DOM(60) indicator being created soon is increasing.
Since the resistance zone is expected to be around 3265.0-3321.30, this movement may be natural.
In order for the DOM(60) indicator to be created, it must show a downward trend.
Therefore, if the DOM(60) indicator is created while falling around 3265.0-3321.30, and the HA-High indicator is created when the decline continues, the support in the HA-High ~ DOM(60) section is important.
It may seem complicated, but the principle is simple.
You can start trading depending on whether there is support in the HA-High ~ DOM(60) section or the DOM(-60) ~ HA-Low section.
Therefore, I will tell you the basic trading strategy of buying near the HA-Low indicator and selling near the HA-High indicator.
In the past, we used various analysis techniques to calculate the target expected point, but now we don't need to do that.
I think we can trade more stably.
Note
#ETHUSDT.PLet's divide the sections formed at the current price position.
HA-High ~ DOM(60) section of the 1M chart: 3251.25-3436.73
HA-High ~ DOM(60) section of the 1W chart: 3264.35-3646.99
The sections formed at the previous price position are
HA-HIgh ~ DOM(60) section of the 1D chart: 3830.14-4001.75
HA-High ~ DOM(60) section of the 1W chart: 3964.53-4616.50
The sections can be divided as above.
In summary,
The 3251.25-3436.73 section can be seen as an important support section for continuing the uptrend.
In order to continue the mid- to long-term uptrend, it can be interpreted that the price must rise above 3264.35-3646.99 to maintain the price.
Therefore, from a slightly larger perspective, the 3264.35-3646.99 section is an important support and resistance section.
Resistance sections:
1st: 3830.14-4001.75
2nd: 3964.53-4616.50
The 1st and 2nd sections above are expected to serve as resistance sections.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
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.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
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.