Check whether HA-Low indicator is created
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(ETHUSDT 1M chart)
The price is located near 0.5 (3097.94), falling below 3321.30.
If it fails to rise above 0.5 (3097.94), it is expected to fall to around 0.382 (2647.80).
If the price remains above the MS-Signal indicator, it is expected to eventually continue its upward trend.
(1W chart)
We need to check whether it can be supported and rise in the psychological volume profile area, that is, around 2621.99-3025.27.
The 3025.27 point is the HA-High indicator point on the 1W chart, so if it is supported and rises, I think there is a high possibility of renewing the high point.
In addition, if the price is maintained above the MS-Signal indicator, the upward trend is expected to continue, so the current price position can be said to fall into an important support and resistance zone.
(1D chart)
When the BW indicator is horizontal, you need to check whether it is supported near that point.
At this time, if the StochRSi indicator rises from the oversold range or becomes StochRSI > StochRSI EMA, then it is time to buy.
Since the 3025.27 and 3321.30 points correspond to the HA-High indicator points on the 1W and 1M charts, the important question is whether the price can be supported and rise in the 3025.27-3321.30 section.
The next period of volatility will be around April 26-29.
Accordingly, we will have to wait and see whether the price can be maintained above 3025.27.
If a new HA-Low indicator is created, it is important whether the HA-Low indicator can be supported and rise.
This is because the creation of the HA-Low indicator means that a low point has been formed.
Therefore, if it falls below the HA-Low indicator, it is likely to lead to a stepwise decline.
Conversely, if it is supported and rises by the HA-Low indicator, it will be a good buying zone.
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 zone, you should check the movement when this zone is touched.
#BTCUSD 1M
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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Please also click “Boost”.
Have a good day.
-------------------------------------
(ETHUSDT 1M chart)
If it fails to rise above 0.5 (3097.94), it is expected to fall to around 0.382 (2647.80).
If the price remains above the MS-Signal indicator, it is expected to eventually continue its upward trend.
(1W chart)
The 3025.27 point is the HA-High indicator point on the 1W chart, so if it is supported and rises, I think there is a high possibility of renewing the high point.
In addition, if the price is maintained above the MS-Signal indicator, the upward trend is expected to continue, so the current price position can be said to fall into an important support and resistance zone.
(1D chart)
At this time, if the StochRSi indicator rises from the oversold range or becomes StochRSI > StochRSI EMA, then it is time to buy.
Since the 3025.27 and 3321.30 points correspond to the HA-High indicator points on the 1W and 1M charts, the important question is whether the price can be supported and rise in the 3025.27-3321.30 section.
The next period of volatility will be around April 26-29.
Accordingly, we will have to wait and see whether the price can be maintained above 3025.27.
If a new HA-Low indicator is created, it is important whether the HA-Low indicator can be supported and rise.
This is because the creation of the HA-Low indicator means that a low point has been formed.
Therefore, if it falls below the HA-Low indicator, it is likely to lead to a stepwise decline.
Conversely, if it is supported and rises by the HA-Low indicator, it will be a good buying zone.
Have a good time.
thank you
--------------------------------------------------
- The big picture
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
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 zone, you should check the movement when this zone is touched.
#BTCUSD 1M
1st: 43833.05
2nd: 32992.55
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Comment:
(ETHUSDT 1D chart)
The BW indicator was created around 3025.27.
Therefore, the key is whether it receives support and rises around 3025.27.
The 3025.27-3321.30 area corresponds to an important support and resistance area.
Accordingly, there is a high possibility that an upward trend will begin when the price rises above 3321.30 and is maintained.
The time to buy is when the StochRSI indicator rises from the oversold range and StochRSI > StochRSI EMA.
However, since the BW indicator forms a horizontal line, it is important to check whether there is support based on the horizontal point.
If not, you need to be careful when trading because there is a high possibility that it will pretend to rise and then fall again.
Therefore, the key is whether it receives support and rises around 3025.27.
The 3025.27-3321.30 area corresponds to an important support and resistance area.
Accordingly, there is a high possibility that an upward trend will begin when the price rises above 3321.30 and is maintained.
The time to buy is when the StochRSI indicator rises from the oversold range and StochRSI > StochRSI EMA.
However, since the BW indicator forms a horizontal line, it is important to check whether there is support based on the horizontal point.
If not, you need to be careful when trading because there is a high possibility that it will pretend to rise and then fall again.
Comment:
(ETHUSDT 1D chart)
The price appears to be maintaining above the point where the BW indicator is level.
If the BW indicator maintains the price above the point where it is level at the lowest point of the oversold range, there is a possibility that it will eventually show an upward trend.
However, you must check the support and resistance points drawn on the chart and create a trading strategy accordingly.
The important zone for ETH is 3025.27-3321.30.
Therefore, the key is whether it receives support and rises in this section.
Ultimately, we must not forget that in order to continue the upward trend, the price must rise above the HA-High indicator on the 1D chart.
Currently, the HA-High indicator on the 1D chart is formed at 3903.61.
If the BW indicator maintains the price above the point where it is level at the lowest point of the oversold range, there is a possibility that it will eventually show an upward trend.
However, you must check the support and resistance points drawn on the chart and create a trading strategy accordingly.
The important zone for ETH is 3025.27-3321.30.
Therefore, the key is whether it receives support and rises in this section.
Ultimately, we must not forget that in order to continue the upward trend, the price must rise above the HA-High indicator on the 1D chart.
Currently, the HA-High indicator on the 1D chart is formed at 3903.61.
[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/
Accordingly, we need to check whether today's candle closes as a downward candle or as a rising candle.
The HA RSI indicator is an indicator whose source value is the closing price of the Heikin Ashi candle.
Therefore, the value may differ from the existing RSI indicator.
Heikin Ashi can be said to be a good indicator for confirming trends by reducing movements such as fakes or whipsaws.
However, there are some ambiguities in applying this to transactions.
To complement this, we created HA-Low and HA-High indicators.
If a new HA-Low indicator is created this time, it will be encountered for the first time after October 23, 2023.
The HA-Low indicator is created when the HA RSI indicator rises below 30 and meets the conditions of the Heikin Ashi candle arrangement.
Therefore, support on the HA-Low indicator means that the uptrend is just starting.
However, if the HA-Low indicator falls, a cascading decline may begin, so caution is required when trading.
Because it shows such conflicting movements, we selected a box section based on the HA-Low and HA-High indicators to check whether it is supported or resisted by the HA-Low indicator.
Therefore, the last time to buy is when the price breaks above the top of the box section.
If it falls below the bottom of the box area and shows resistance, it becomes a stop loss point.
It is recommended to use indicators as a means to verify movement at support and resistance points.
Therefore, you must check the support and resistance points drawn on the 1M, 1W, and 1D charts and create a trading strategy accordingly by referring to the movement of the indicators and responding accordingly.
The 3025.27-3321.30 area is an important support area to maintain the upward trend.
If it continues to decline, this support zone will act as resistance.
Therefore, the key is whether it can be supported and rise around 3025.27.
If the HA-Low indicator is created near this important point and shows support near the HA-Low indicator, it will create a new upward trend.
Otherwise, if it falls, it will create a downward trend.
However, there is no need to be disappointed.
This is because it is believed that funds in the coin market are still maintained or on the rise.