The key is whether it can rise above 3900.73-4294.78Hello traders!
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(ETHUSDT 12M chart)
The BW indicator is an indicator expressed by combining MACD, StochRSI, CCI, superTrend, and PVT indicators.
By displaying this BW indicator on the price chart, we made it intuitive to understand.
Therefore, points marked with the BW indicator can be used as support and resistance.
The key is whether it can rise above the Fibonacci ratio 1 (5005.30) and renew the new high (ATH).
If the price holds above 5005.30, the next target is expected to be 1.618 (7362.80).
(1M charts)
It has broken through the upper part of the box section of the HA-High indicator and is rising.
Accordingly, if the price stays above 3900.73, it is expected to start rising to renew the new high (ATH).
If not, and it falls, you need to check if it is supported around 3321.30 or 0.618 (3548.07).
(1W chart)
The key is whether it can receive support and rise in the 3962.19-4294.78 range.
If it falls, you should check for support around 3503.68, the bottom point of the box section of the HA-High indicator.
(1D chart)
The next period of volatility will be around March 25th.
However, you need to check which direction you can deviate from the 3503.68-4294.78 range.
If it receives support around 9300.73-3962.19, it is expected to rise above 4294.78.
Therefore, if it falls below 9300.73 and shows resistance, there is a possibility that it will turn into a short-term downtrend.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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