readCrypto

Break out of the short-term downtrend

BINANCE:ETHUSDT   Ethereum / TetherUS
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(ETHBTC 1W Chart)
A rise above 0.079552 is expected to explode the uptrend.

A break below 0.072484 may indicate a short-term downtrend.

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(ETHUSDT 1W chart)
It is important to be able to climb with support in the 1611.62-1879.61 section.

In order to continue the mid- to long-term uptrend on the chart, the price must rise above HA-High and maintain the price.

Therefore, it is expected to oscillate up and down, causing the HA-High indicator to fall.

The next period of volatility is around the week of February 27th.


(1D chart)
It is showing a large upward trend, rising above 1340.12, which was an important point from a mid- to long-term perspective.

It is rising above the HA-High indicator, which is a condition for continuing a short-term upward trend.

However, from a short-term perspective, since the -100 indicator is formed at the 1777.05 point, it can be said that this point has risen to break out of the short-term downtrend.

Therefore, it is necessary to check whether it can rise above the 1777.05-1879.61 section.


It is important to find support around 1572.69 as there is a possibility of a sharp decline if it falls below the HA-High, i.e. below 1501.44.


The next volatility period is around January 28th.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (www.tradingview.com/...shi-MS-Signal-HA-MS/).

** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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[Example of exchange chart setup]

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

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