readCrypto

Ethereum layer-two (L2) scaling solution

readCrypto Mod Updated   
BINANCE:ARBUSDT   ARB / TetherUS
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(ARBUSDT chart)
The role of support and resistance points shown on this chart is weak due to the small number of candlesticks created.

Therefore, it is necessary to respond quickly through day trading.

Therefore, the most important thing to consider when trading ARB tokens is whether to earn cash profits or increase the number of tokens corresponding to profits.


(15m chart)
The important thing to look at in my chart is the MS-Signal indicator.

This is because we believe that the trend is determined by whether it is above or below this indicator.


The next important thing is the HA-Low and HA-High indicators, which are indicators for trading.

Since the HA-Low and HA-High indicators were created on the 1h chart, it is becoming important whether it can be supported around 1.2848-1.3260.


On the 15m chart, it is positioned above the HA-Low indicator, so aggressive buying is possible, but if it does not rise above the MS-Signal indicator and falls, it is recommended to sell and observe the situation.


The important points in the movement so far are as follows.
1st: 1.2848-1.3260
2nd: 1.4222
3rd: 1.5245

We need to check whether it is supported or resisted in the vicinity of the 1st-3rd order.

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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:
The 1.2250 point is the HA-Low indicator point on the 1h chart.

Therefore, there is a possibility that it will turn into an uptrend only when it is confirmed that it is supported by rising above 1.2250-1.2403.

However, in order to continue the upward trend, it is expected that it will be possible to maintain the price by rising above 1.2848-1.3260.

If it fails to rise above 1.2250, it is expected to decline.
Comment:
It is important to be able to break above the 1.2848-1.3260 zone.

To do so, we need to see if we can sustain the price above 1.2403.

The 1.2250-1.2848 section is the HA-Low indicator section of the 1h chart, so if it shows support in this section, I think it is possible to buy.

Since the HA-High indicator on the 1h chart is located at the 1.4222 point, in order to continue the uptrend, it must rise above 1.4222 or shake it up and down to make the HA-High indicator fall.


Comment:
(1h chart)
I think it is highly likely to create a trend in the direction of breaking away from the section consisting of HA-Low and HA-High.

However, since the chart was created not long ago, a quick response is required.

The 5EMA on the 1D chart has been created and is currently around 1.2736, i.e. near the MS-Signal indicator.

So, if the price holds above 1.2848-1.3260, I think it is likely to renew the previous highs.


It is important to avoid resistance at 1.2250.
Comment:
It is necessary to check whether it can rise above the MS-Signal indicator.

In particular, the question is whether the price can sustain the move above the 5EMA on the 1D chart.

The area around 1.2403 is the volume profile of the 12h chart, so if the price is maintained above this level, an uptrend is expected.


If it fails to rise above 1.1657, it is expected to continue its downtrend, so a countermeasure is needed.
Comment:
We need to see if it can get support around 1.1621-1.1781 and rise above 1.2403.

If it rises above 1.2403,
1st: 1.3054-1.3260
2nd: 1.6
The area around the 1st and 2nd is the resistance section.
Comment:
Arbitrum Ecosystem Token

(VELAUSDT 4h chart)
It is necessary to check if it can be supported above the M-Signal indicator on the 1D chart, that is, around 5.5468-5.9669 and rise above 6.7615.

If it rises above 6.7615, it is expected to surge.

If not,
1st: 5.0966
2nd: 4.2338-4.6484
You need to check if it is supported in the vicinity of the 1st and 2nd order.


If it finds resistance at 4.5135, it is expected to renew the recent lows.
Comment:
(ARBUSDT 1h chart)
Rising above 1.2403, it touched around 1.3028-1.3260.

If price holds above 1.3028-1.3260, it is likely to lead to a move above 1.6.

If it fails, you should check for support around 1.2198-1.2403.
Comment:
Comment:
We need to see if the price can sustain above 1.2403.

Currently, a volume profile section is being formed over the 1.203-1.3028 section.
Comment:
(ARBUSDT 4h chart)
Although weak, a volume profile is formed over the 1.2016-1.3897 section.

[Example of exchange chart setup]

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

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