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Ethereum (ETH) - February 26

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
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We'll have to see if we can get support and climb from 1446.53-1521.57.

In order to turn to an uptrend, it must rise above the uptrend line (5).

If you go down from 1424.30, you can touch 1221.50, so you need to trade carefully.

If it falls from 1179.40-1221.50, a stop loss is required to preserve profit and loss.
However, you need to trade carefully as you can touch the uptrend line (4) and go up.

The CCI line fell below 100 on the CCI-RC indicator.
As a result, volatility may occur, so careful trading is necessary.

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(ETH Dominance 1D Chart)
We have to see if we can get support at 12. 05 and rise above 13.27.

I think the strength weakened as it fell from the 13.27 point.
Accordingly, it is possible to touch the 10.95 point or the uptrend line.

I think ETH dominance is tied to the ETH price.
Accordingly, if the ETH dominance falls, I think the ETH angle will decrease.

If it falls from the 10.95 point, it is expected to be in a full downtrend.

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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)

Comments

fantastic view as always!
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