readCrypto

Ethereum (ETH) - February 27

BINANCE:ETHUSDT   Ethereum / TetherUS
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(ETHUSDT 1W Chart)
(All: www.tradingview.com/x/gJtjHBsg/)
If it falls in the 2275.68-2531.05 section, it is likely to fall near the 1611.62 point, so Stop Loss is required to preserve profit and loss.

However, it is expected that a sharp movement will occur as it gets closer to the 1611.62 point.

At this time, the important thing is whether it can rise above the 2275.68-2531.05 section.


(1D chart)
1st resistance section: around 3375.08
Secondary resistance section: 4191.93-4464.22

Support section: 2285.94-2558.23


We need to see if we can continue our attempt to turn into a short-term uptrend by moving towards the 2910.0 point.

Accordingly, it is necessary to check the movement between February 27th - March 5th.


It must move above the 3151.97 point to turn into an uptrend.

So, we need to see if we can move above the 3151.97 point around March 6th.


The next volatility period is around March 10th.

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(ETCBTC 1W chart)
(Full: www.tradingview.com/x/FloQeKDA/)
It must rise above the 0.0009 70 point to turn into an uptrend.

It must rise above 0.0013 74 points to create a new wave.

As resistance is formed over the 0.0018 16 - 0.0023 34 section, an upward break through this section is expected to accelerate the uptrend.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, 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 be able to regenerate themselves.

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** 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 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 been released yet.
(Since it was not disclosed, 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.)

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