Box range: 2281.87-2706.15
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(ETHUSDT 1D chart)
Unlike BTC, it looks so weak.
One of the reasons is that it has fallen below the long-term moving average, that is, the M-Signal indicator on the 1M chart.
In other words, I think that the uptrend is likely to start only when the price is maintained above the M-Signal indicator on the 1M chart.
To do that, the price needs to rise above 2629.79-2706.15 and maintain it.
If not,
1st: 2281.87-2359.35
2nd: 2118.67
We need to check whether there is support near the 1st and 2nd above.
It seems that it is forming a box section at first glance, so the point to watch is which direction it deviates from this box section.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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