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(ETH Dominance (ETH.D) 1D Chart)
There is no way to determine if there is a change in the movement of dominance due to the continuous burning of ETH.
However, among the sections currently located, the sections 19.22-19.62 and above are the high points of ETH dominance, forming a section of strong resistance.
In order to break above the 20.52-20.79 section, I think it depends on whether we can maintain the dominance above the 19.22-19.62 section.
A strong support zone is 12.14-14.26.
However, if support is found in the 16.65-18.13 zone, I think the ETH dominance is likely to continue its upward trend.
It is necessary to check what kind of movement it will show due to the volatility between September 16-24 (up to September 15-25).
You can say that you have created a double top, so you can focus on the decline and continue the conversation.
However, the double answer is not yet completely complete, so I think we should watch the flow more than guess.
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(ETHUSDT 1W Chart)
If the price is maintained above the 1475.0-1728.74 range, it is expected that the uptrend will continue.
In particular, if the price is maintained above the high point of 2275.68, it is expected to create a new wave.
(1D chart)
It is expected to determine the direction of the trend by maintaining the price by moving up to the 3582.10-3823.21 section, which is the formed high trough.
If it falls from the 3343.06 point, it may fall below the 2910.0 point, so a short stop loss is necessary.
If it falls from the 2275.68 point, a Stop Loss is required to preserve profit and loss.
It is a support and resistance section to be formed in the 2910.0-3343.06 section, and it is necessary to confirm whether it will play the role again this time.
------------------------------------------
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 upward trend or a downward trend, there is a high probability 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.
-------------------------------------
(ETH Dominance (ETH.D) 1D Chart)
However, among the sections currently located, the sections 19.22-19.62 and above are the high points of ETH dominance, forming a section of strong resistance.
In order to break above the 20.52-20.79 section, I think it depends on whether we can maintain the dominance above the 19.22-19.62 section.
A strong support zone is 12.14-14.26.
However, if support is found in the 16.65-18.13 zone, I think the ETH dominance is likely to continue its upward trend.
It is necessary to check what kind of movement it will show due to the volatility between September 16-24 (up to September 15-25).
You can say that you have created a double top, so you can focus on the decline and continue the conversation.
However, the double answer is not yet completely complete, so I think we should watch the flow more than guess.
---------------------------------
(ETHUSDT 1W Chart)
In particular, if the price is maintained above the high point of 2275.68, it is expected to create a new wave.
(1D chart)
It is expected to determine the direction of the trend by maintaining the price by moving up to the 3582.10-3823.21 section, which is the formed high trough.
If it falls from the 3343.06 point, it may fall below the 2910.0 point, so a short stop loss is necessary.
If it falls from the 2275.68 point, a Stop Loss is required to preserve profit and loss.
It is a support and resistance section to be formed in the 2910.0-3343.06 section, and it is necessary to confirm whether it will play the role again this time.
------------------------------------------
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 upward trend or a downward trend, there is a high probability 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/
