Ethereum (ETH) - February 11

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
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You should watch for any movement that deviates from the 1671.57-1821.59 segment.

If you fall from 1671.57, you can touch the 1446.53-1521.54 area, so you need to trade carefully.

If you decline at 1424.30, you need a short stop loss.

We have to see if the OBV on the volume indicator can touch the 751.494K spot and turn upward.

On the wRSI_SR indicator, the RS line is falling below 50.
As a result, volatility may occur, so careful trading is necessary.

On the CCI-RC indicator, it remains to be seen if the CCI line can rise above the uptrend line drawn and above the EMA line.

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(ETH Dominance (ETH.D) 1D chart)
(eng) You should watch for any movement that deviates from 14.26-15.02.

If it falls below the 13.27 point, there is a possibility that ETH has lost a lot of power, so a plunge may occur.

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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume .
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Comment: (ETHUSD 1D chart)
It remains to be seen if the volatility around February 17 (February 16-18) falls below the 1521.54 point.

This is because a temporary plunge may occur as the trading volume decreases, the RS line falls below 20 on the wRSI_SR indicator, and the CCI line falls below the EMA line on the CCI-RC indicator.

We believe that a rapid rise above 1821.59 points as the trading volume surges to prevent the above mentioned movement.


(ETH Dominance 1D Chart)
The decline from the 14.26 point increased the likelihood of touching the 13.27 point.
To prevent this, you must climb above 14.26 points.


thank you for sharing gentleman!
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