Needs to rise above 1777.05 to break out of short term downtrend
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(ETHBTC 1W Chart)
It looks very complicated, but the point is simple.
1. Whether it can rise above the 0.072484-0.079552 range and
2. Whether it can be supported in the range of 0.048765-0.053586.
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(ETHUSDT 1W chart)
The key is whether it can be supported around 1611.62 and rise above the M-Signal indicator on the 1M chart.
(1D chart)
It is important to be able to climb with support in the 1572.69-1879.61 section.
If not, you should check for support around 1340.12.
A move above 1777.05 is likely to break out of the near-term downtrend.
So, we need to see if it can rise above 1777.05.
If this uptrend is extended, it is expected to touch the 2531.05-2871.13 section.
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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/).
(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.)
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(ETHBTC 1W Chart)
1. Whether it can rise above the 0.072484-0.079552 range and
2. Whether it can be supported in the range of 0.048765-0.053586.
-------------------------------------------
--------------------------------------------
(ETHUSDT 1W chart)
(1D chart)
It is important to be able to climb with support in the 1572.69-1879.61 section.
If not, you should check for support around 1340.12.
A move above 1777.05 is likely to break out of the near-term downtrend.
So, we need to see if it can rise above 1777.05.
If this uptrend is extended, it is expected to touch the 2531.05-2871.13 section.
-------------------------------------------------- -------------------------------------------
** 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/).
(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/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
There are a total of 3 indicators that show trends in this chart.
1. MS-Signal index, Heikin Ashi body index
2. HA-Low, HA-High
3. -100 indicator, +100 indicator
The three trends mentioned above can be identified.
When all three indicators show an upward trend, it is highly likely that the trend will continue.
Currently, ETH is number 3. Since it is located below the -100 indicator, it can be interpreted as showing a downtrend.
Therefore, even if both points 1 and 2 turned into an uptrend, in order to break out of the short-term downtrend, the price would have to rise above 1777.05 and above the -100 indicator to maintain the price.
This means that only then will you be completely out of the downtrend.
An indicator below -100 can be interpreted as a downtrend.
The range between -100 and +100 can be interpreted as being in a sideways range.
An indicator above +100 can be interpreted as an uptrend.
Therefore, if it rises above the -100 indicator, it can be interpreted that the possibility of showing an uptrend increases because it is converted from a downtrend to a sideways trend.