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Ethereum (ETH) - May 11

BINANCE:ETHUSDT   Ethereum / TetherUS
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(ETHUSDT 1W Chart)
We need to see if we can rise above 2531.05.


(1D chart)
As it fell below 2531.05, I think the chances of further declines are increasing.

Therefore, it is important to see if it rises above 2531.05.

Since the 1475.0-1728.74 section is a support section to rise above 2531.05, if the price is maintained above this section, it is expected that the upward trend will continue in the mid- to long-term.

(buy)
- After confirming the support at 2596.20

(Stop Loss)
- When it falls below 2531.05 and receives resistance

(Sell)
- When receiving resistance near 2871.13
- When resistance is received in the vicinity of 3281.51

The 1995.50 point is a passing support and resistance point, so buying or selling at this point is not recommended.

However, the reason for the indication is that there is a possibility that a whip saw may occur near this point.

So, if it fails to rise above 2531.05, the next support zone is 1475.0-1728.74.

(buy)
- After confirming the support in the section 1611.62-1728.74

(Stop Loss)
- When it falls below 1475

(Sell)
- When receiving resistance near 2531.05
- When resistance is received in the vicinity of 3281.51

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** 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 convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** 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.)

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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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