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(ETHUSDT 1M Chart)
We need to see if we can move up along the uptrend line (2) by breaking away from the uptrend line (1) and then going down.
To do that, it is important to keep the price above the 3375.0 point.
(1W chart)
Above 1741.38: Expected to create a new wave.
You need to check if you can get support at the 3582.10 point.
If the decline is from the 3582.10 point, there is a possibility that it will fall below the 3375.08 point, so you need to trade with caution.
(1D chart)
First resistance section: near 5008.79 point
Second resistance section: 5553.35-5825.64
First support section: near point 3343.06
Second support section: 2275.68-2531.05
The price needs to remain above the 3781.93 point to turn into an uptrend.
It should move above the 4013.13 point to continue the uptrend.
The decline from the 3781.93 point increases the likelihood of a reversal to a downtrend.
However, as long as it does not fall below the short-term downtrend line, it is expected to rise.
To do that, you need to keep the price above the 3582.10 point.
If it falls from the 3343.06 point, you need Stop Loss to preserve your profit.
However, it may touch the uptrend line (3) passing near the 2910.0 point and rebound, so you need to think about how to respond.
The next volatility period is around January 14th.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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.)
---------------------------------
happy New Year!!!
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(ETHUSDT 1M Chart)
To do that, it is important to keep the price above the 3375.0 point.
(1W chart)
You need to check if you can get support at the 3582.10 point.
If the decline is from the 3582.10 point, there is a possibility that it will fall below the 3375.08 point, so you need to trade with caution.
(1D chart)
First resistance section: near 5008.79 point
Second resistance section: 5553.35-5825.64
First support section: near point 3343.06
Second support section: 2275.68-2531.05
The price needs to remain above the 3781.93 point to turn into an uptrend.
It should move above the 4013.13 point to continue the uptrend.
The decline from the 3781.93 point increases the likelihood of a reversal to a downtrend.
However, as long as it does not fall below the short-term downtrend line, it is expected to rise.
To do that, you need to keep the price above the 3582.10 point.
If it falls from the 3343.06 point, you need Stop Loss to preserve your profit.
However, it may touch the uptrend line (3) passing near the 2910.0 point and rebound, so you need to think about how to respond.
The next volatility period is around January 14th.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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.)
---------------------------------
[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/
