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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.

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(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.

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thank you for sharing gentleman!
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