key is whether it can receive support and rise around 3025.37
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(ETHUSDT 1M chart)
You can see that ETH has a volume profile around 2.7K and in the 1.4K-2.0K range.
Also, due to this decline, the HA-High indicator appears to be moving from the 3321.30 point to the 2514.38 point.
Therefore, if the HA-High indicator is created at the 2514.38 point when this month closes, the primary support zone is expected to be the 2514.38-2.7K zone.
The second support range is 1.4K-2.0K.
(1W chart)
Even if you hide all indicators and just look at the arrangement of candles, you can intuitively know where support and resistance points or sections are formed.
The reason is because volume candles charts were used.
The thicker the candle, the more trading volume has occurred, so you can see that the point or section where the corresponding candle is located forms a volume profile section.
Therefore, it can be said that the area around the candle that the finger points to corresponds to the volume profile section.
Since the psychological volume profile section is formed over the 2616.79-3043.91 section, the key is whether it can receive support and rise around this section.
(1D chart)
Unlike the BTC chart, the HA-Low indicator was not created on the ETH chart.
Therefore, it cannot be said that a low point has been formed yet.
Therefore, further declines along the downward channel seem likely.
At this point, in order to turn into an upward trend, the price must rise above the MS-Signal indicator and maintain the price.
Therefore, the key is whether the price can be maintained by rising above 3025.37.
The 3025.37 point is the HA-High indicator on the 1W chart, so if it receives support around this point, it is likely to lead to a further rise.
In order to continue the upward trend, the price must rise above the HA-High indicator and maintain the price, so it must rise above the 3903.61 point, which is the current HA-High indicator point.
Have a good time.
thank you
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- The big picture
A full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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Please also click “Boost”.
Have a good day.
-------------------------------------
(ETHUSDT 1M chart)
Also, due to this decline, the HA-High indicator appears to be moving from the 3321.30 point to the 2514.38 point.
Therefore, if the HA-High indicator is created at the 2514.38 point when this month closes, the primary support zone is expected to be the 2514.38-2.7K zone.
The second support range is 1.4K-2.0K.
(1W chart)
The reason is because volume candles charts were used.
The thicker the candle, the more trading volume has occurred, so you can see that the point or section where the corresponding candle is located forms a volume profile section.
Since the psychological volume profile section is formed over the 2616.79-3043.91 section, the key is whether it can receive support and rise around this section.
(1D chart)
Therefore, it cannot be said that a low point has been formed yet.
Therefore, further declines along the downward channel seem likely.
At this point, in order to turn into an upward trend, the price must rise above the MS-Signal indicator and maintain the price.
Therefore, the key is whether the price can be maintained by rising above 3025.37.
The 3025.37 point is the HA-High indicator on the 1W chart, so if it receives support around this point, it is likely to lead to a further rise.
In order to continue the upward trend, the price must rise above the HA-High indicator and maintain the price, so it must rise above the 3903.61 point, which is the current HA-High indicator point.
Have a good time.
thank you
--------------------------------------------------
- The big picture
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
1st: 43833.05
2nd: 32992.55
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[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/
You can initiate a trade depending on whether there is support near the HA-HIgh indicator (3025.27) and the bottom point of the box (2817.0) on the 1W chart.
If supported and rises,
1st: 3321.30 (HA-High indicator point on 1M chart)
2nd: 3570.0-3730.71 (bottom point of the box of the HA-High indicator on the 1D chart ~ top point of the box of the HA-High indicator on the 1W chart)
You need to check for support around the first and second rounds above.
If there is resistance and falls,
1st: 2817.0-2514.38 (bottom point of the box of the HA-High indicator of the 1W chart ~ HA-High indicator point of the 1M chart to be newly created)
2nd: 1629.55-1783.0 (HA-Low indicator point on 1D chart ~ box top point of HA-Low indicator on 1W chart)
You need to check for support around the first and second rounds above.
If you look at the chart below with reference to the above, it will be helpful in chart analysis.