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readCrypto
Jan 21, 2023 12:06 AM

Break out of the short-term downtrend 

Ethereum / TetherUSBinance

Description

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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 (tradingview.com/script/OUA6XoS6-HeikinAshi-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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Comments
nestorador
Hello! I thought you talk about BTC! :-) BTC was rejected at my orange line :)
readCrypto
@nestorador, Hello?
nice to meet you
We see it approaching its peak.
By all means, you have to get through this period of volatility so that you can reap big profits from the upcoming big bull market.
nestorador
@readCrypto, Glad to meet you! Internet has gone from my provider! I forgot how it happens %) 14h without inet, only mobele three days ago, and about 4h a day ago. No, not exactly on that great moves! Right after %) I wished to close a long, and found that I can't no internet! %) God bless I have left it 😎 VWAP has just rised on a previous 15m. New support formed? Retrace to 21500 and moooou? ;-)
readCrypto
@nestorador, Since the first candlestick has not yet closed after the rise, it is difficult to predict.

It would be nice to see how the candle closes today. :)
nestorador
@readCrypto, our analysts say not to rely on the idea that grandpa has to retrace before grow. It has to reset CRSI for example, but that maneur affects price less and less.On the other side I have lost a dynanic resistance should be in front od us. Should go to HTF and repaint it. Or to wait for a cool idea from some smart guy with it :-) TV made me as lasy as a cat 😀🐱‍👤
nestorador
@readCrypto, do you see right shoulder of inverted H&S? Of course, no! It hasn't been formed yet :-) My clocks say the day has ended! Saturday!
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