readCrypto

Whether or not it is supported in an important section is key

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BINANCE:ETHUSDT   Ethereum / TetherUS
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** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.

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(ETHBTC 1W Chart)
The question is whether it can rise above 0.067660.

If not,
1st: 0.05719-0.060484
2nd: 0.048765-0.053586
You need to check if it is supported in the vicinity of the 1st and 2nd order.

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(ETHUSDT chart)
If the price maintains the price by rising above the HA-High indicator on the 1M chart, it will show an uptrend on all 1D, 1W, and 1M charts.

Therefore, it is necessary to make sure that the HA-High indicator falls by shaking up and down in the 1572.69-2531.05 section.


(1W chart)
The question is whether the price can stay above the M-Signal indicator on the 1M chart and above the center line of the Bollinger bands and rise to around 2871.13.

If not, you should make sure you get support around 1338.65-1611.62.


In order to gain strength to rise around 2871.13, we need to see if the HA-High indicator makes it rise.

If the HA-High indicator shows support in the area where it is about to rise, it is expected to surge.

If it does not receive support, there is a possibility of a sharp decline on the contrary, so you need to think about countermeasures against this.



(1D chart)
If the price stays above the important support and resistance zone of 1572.69-1879.61, I would expect a rally around 2196.53.

If it falls below 1777.05-1879.61, it is likely to fall around 1572.69-1611.62.


Therefore, the next volatility period is around April 29th, when it rises above 1995.50 and needs to be confirmed.


If ETH leads the coin market's upward trend, the upward trend is likely to be short-lived and intermittent.

Therefore, the price movement of ETH should come out while the BTC price does not fall, that is, in a sideways manner.

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

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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Comment:
Recently, it is showing a rise above 1995.50 for the second time.

Therefore, the key is whether it can get support around 1995.50 and rise to around 2196.53.

The next period of volatility is around April 29th.


If ETH leads the coin market, it is highly likely that the upward trend will not last very long.

Therefore, you must check the movement of BTC.

This is because if BTC falls from the current support and resistance range, the coin market will eventually show a decline. (See BTC Idea)

[Example of exchange chart setup]

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

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