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Ethereum (ETH) - April 4

BITFINEX:ETHUSD   Ethereum
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We have to watch for any movement that deviates from the 1997.19-2236.59 section.

If it falls, you need to make sure you get support from 1917.39-1997.19.

If you decline from 1757.79, you need a short stop loss.

If it falls at 1424.40, you need a Stop Loss to preserve profit or loss.
However, you can touch 1278.98 points and go up, so you need to trade carefully.


In the CCI-RC indicator, it remains to be seen if the CCI line can rise above the EMA line.
If the CCI line and EMA line intersect, volatility may occur, so careful trading is required.

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(ETHBTC 1D chart)
We need to see if we can get support at the critical point, 0.035178 and break above the uptrend line.

If it falls, you need to make sure you get support in the 0.033702-0.034249 range.

If it falls from the 0.032373 point, a Stop Loss is required to preserve profit and loss.

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(ETH Dominance (ETH.D) 1D chart)
We have to see if we can ascend above 12.94 points.
Touch the M-Signal line on the 1W chart and watch to see if you can ascend above the important point of 13.27.

In the CCI-RC indicator, volatility appears to occur as the CCI line breaks above the zero point and the EMA line.
Therefore, careful trading is necessary.

We believe that an increase in ETH dominance is likely to lead to an increase in ETH prices.

If the ETH dominance can be maintained above the 12.94 point, it is expected to continue the upward trend.

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If you look at the charts of most of the major coins, they are either rising near their previous highs or exceeding their previous highs.

These rises are expected to rise even more when the BTC price rises above 60K and moves towards 70K.
However, if the BTC price fails to rise to 60K, it is expected that it will eventually turn into a downtrend, so careful trading is necessary.

Currently, BTC is in the period of volatility, and the coin market is in the overheating zone.
In this market situation, if you enter along with rising prices, the rate of return may be negative.

The coin price is recording positive, but the yield of the coin I bought is negative.
Therefore, if you are not familiar with same-day trading or short-term trading, it is recommended to enter when the coin price declines and then moves sideways and shows support at some point.

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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 the sake of 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.
Therefore, 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 to 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 and 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: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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