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(ETHUSD 1W Chart) - Mid-Long-Term Perspective
Above the 1125.14-1463.76 section: expected to continue upward trend
(1D chart)
Resistance section: 5188.55-5527.17
First support section: near point 4172.70
Second support section: 2818.23-3156.85
It has found support in the resistance zone and is moving higher on the uptrend line (1) as a springboard.
The uptrend line (1) or the 4373.0 point may touch again around November 6 and may move higher, so trade cautiously.
The centerline of OBV in the volume indicator is moving from downward to upward.
However, as the green width of OBV does not appear to be increasing yet, it cannot be said that the buying trend is strong.
On the wRSI_SR indicator, we need to see if we can accelerate the uptrend by moving the RS line above the 80 point.
Since the RS line is showing signs of wobbling before it rises above the 80 point, it is likely to create a whip-saw or pull back pattern, so careful trading is required.
In the CCI-RC indicator, the CCI and EMA lines are located above the +100 point, so we can say that the ETH price is on an upward trend.
However, if the CCI line crosses the EMA line or shows a movement to fall below the EMA line, this may also cause a fake like a whip saw, so careful trading is required.
The movement of BTC price in the coin market is very important.
However, as the price of ETH rises, the price of BTC is showing an upward movement.
The price movement of altcoins is different when BTC price drives the market and when ETH price drives the market.
It seems that the price rise of altcoins starts with the rise in ETH price.
------------------------------------------
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.
------------------------------------------------------------ -----------------------------------------------------
** 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.)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(ETHUSD 1W Chart) - Mid-Long-Term Perspective
(1D chart)
Resistance section: 5188.55-5527.17
First support section: near point 4172.70
Second support section: 2818.23-3156.85
It has found support in the resistance zone and is moving higher on the uptrend line (1) as a springboard.
The uptrend line (1) or the 4373.0 point may touch again around November 6 and may move higher, so trade cautiously.
The centerline of OBV in the volume indicator is moving from downward to upward.
However, as the green width of OBV does not appear to be increasing yet, it cannot be said that the buying trend is strong.
On the wRSI_SR indicator, we need to see if we can accelerate the uptrend by moving the RS line above the 80 point.
Since the RS line is showing signs of wobbling before it rises above the 80 point, it is likely to create a whip-saw or pull back pattern, so careful trading is required.
In the CCI-RC indicator, the CCI and EMA lines are located above the +100 point, so we can say that the ETH price is on an upward trend.
However, if the CCI line crosses the EMA line or shows a movement to fall below the EMA line, this may also cause a fake like a whip saw, so careful trading is required.
The movement of BTC price in the coin market is very important.
However, as the price of ETH rises, the price of BTC is showing an upward movement.
The price movement of altcoins is different when BTC price drives the market and when ETH price drives the market.
It seems that the price rise of altcoins starts with the rise in ETH price.
------------------------------------------
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.
------------------------------------------------------------ -----------------------------------------------------
** 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.)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
