Ethereum Classic (ETC) - September 8

KRAKEN:ETCUSD   Ethereum Classic / U.S. Dollar
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( ETCUSD 1W Chart)
If the price maintains above the 16.722-25.179 range, we expect the uptrend to continue.

In particular, if the price is maintained above the 42.100-47.296 section, it is expected to create a new wave.

(1D chart)
You should see support at point 57.934.

If the price is maintained in the 47.947-69.480 range, it is expected to turn into an uptrend and rise.

If it falls in the range of 37.180-47.947, Stop Loss is required to preserve profit and loss.

However, it is possible to touch near the 16.722 point and rise, so you should also think about reacting to it.

If the price is maintained by moving up to the 69.480-91.012 range, we expect to re-establish the trend in the 91.012-110.779 range.

A significant resistance interval is the 118.979-134.078 interval.


(ETCBTC 1W chart)
If the price holds above the 0.000970-0.001374 range, it is expected that the uptrend will continue.

(1D chart)
If the price is maintained in the 0.001274-0.001642 range, it is expected to turn into an uptrend.

If it goes down, you should see support at the 0.001213 point.

If it falls in the range of 0.000723-0.000906, it is possible to enter the mid- to long-term investment area, so careful trading is required.

We need to watch to see if there is any movement to stock up on the upward break through the volume profile spanning the 0.001816-0.002334 section.


We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an uptrend or in a downtrend, 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 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 the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** 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.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(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.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
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