Ethereum Classic (ETC) - November 13Hello?
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(ETCUSD 1W Chart) - Mid-Long-Term Perspective
Above the 16.722 point: the uptrend expected to continue
Over the 37.180-47.947 section: Expected to create a new wave.
(1D chart)
First resistance zone: near 69.480
Second resistance section: 91.012-101.779
Support section: 37.180-47.947
We are walking sideways in the section 47.947-69.480.
In particular, if the price maintains above the 57.934 point and breaks out of the downtrend line, I would expect the price to rise above the first resistance level.
If it falls from the support zone, there is a possibility that it will fall to the 16.722 point, so you need to trade cautiously.
At the CCI-RC indicator, there was an attempt to raise the CCI line above the +100 point.
If ETC price rises above the first resistance level, I expect the CCI line to rise above the +100 point.
The next volatility period is around December 7th (up to December 1-11).
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(ETCBTC 1W chart)
Above 0.000970-0.001374 section: Expected to create a new wave.
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We recommend that you trade with your average unit price.
This is because if the price is below your average unit price, whether it is in an upward trend or in a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
