readCrypto

Ethereum Classic (ETC) - October 22

KRAKEN:ETCUSD   Ethereum Classic / U.S. Dollar
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( ETCUSD 1W Chart) - Mid-Long-Term Perspective
Above the 16.722 point: the uptrend expected to continue

Above 36.305-47.296 section: It is expected to create a new wave.


(1D chart)
First resistance zone: near point 69.480
Second resistance section: 91.012-101.779

Support section: 37.180-47.947


In order to move above the first resistance section, we need to see if we can sustain the price above the 57.934 point.

If it goes down, you should check to see if there is support in the support zone .


If the price moves down from the support area , it could touch near the 16.722 point, so trade cautiously.


It seems that support and resistance sections are formed in sections A and B, in sections 57.934-69.480.

However, I think that these sections are likely to be psychological resistance sections.

If the price sustains above the downtrend line (1), it is expected to break above the first resistance zone and accelerate the uptrend.

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(ETCBTC 1W Chart) - Mid-Long-Term Perspective
Above the 0.000970-0.001374 section: It is expected that the upward trend will continue.


(1D chart)
Resistance section: near the 0.001274 point

Support period: 0.000723-0.000906


You need to see if you can find support in the support zone and hold the price above the 0.000970 point.


If it falls from the support zone , it may enter the mid- to long-term investment area, so careful trading is required.


In order to transition into an uptrend and continue the uptrend, you need to break out of the downtrend line.

Until then, it is expected that the upward movement will be limited.

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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 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 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.)

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