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The key is whether it can rise above 3321.30

BINANCE:ETHUSDT   Ethereum / TetherUS
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(ETHUSDT 1M chart)
What is important is which direction it deviates from the Fibonacci ratio range of 0.5 (3097.94) to 0.618 (3548.07).

However, since the HA-High indicator was formed at the 3321.30 point, the key is whether it can be supported around this point.


(1W chart)
If the price holds above the Fibonacci ratio point of 0.5 (3097.94), it is expected to lead to an upward move to around 0.618 (3548.07).

Since the volume profile section is formed over the 2647.80-3059.37 section, it is time to buy if support is confirmed around the Fibonacci ratio point of 0.5 (3097.94).


If it rises to the 3503.68-3962.19 range and shows support, I think it is highly likely that it will rise to around 4778.75.


(1D chart)
The BW indicator was formed at the previous closing point.

Therefore, the area around 3242.36 is expected to form a support and resistance point.


Since the important section is around the Fibonacci ratio point of 0.5 (3097.37), it falls from the 3242.36 point and falls to around 3097.37, which is the buying area.

If it falls near the Fibonacci ratio point of 0.5 (3097.37), it is likely to fall near 2913.04, so a countermeasure is needed.

If you cannot come up with a countermeasure, the only way is to buy when it rises above 3242.36.


Looking at the Renko chart, support and resistance points are formed around 3300.0.

Accordingly, we need to see if the price rises above 3300.0 and remains there.


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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[Example of exchange chart setup]

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

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