Volatility Period: Around December 24th
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(ETHUSDT chart)
ETH is one of the representative coins that forms an independent ecosystem between BTC and altcoins.
However, since most altcoins are derived from ETH, I believe that the rise of ETH is likely to lead to a rise in altcoins.
(ETHBTC chart)
Accordingly, the key is whether the ETHBTC chart can turn into an upward trend.
Therefore, we need to check whether it can be supported and rise in the 0.05320-0.8562 box section of the 1M chart.
(ETHUSDT 1W chart)
The key is whether the price can be maintained around 2159.0 and rise above 2419.83.
If not and it falls, you should check if it is supported around 1879.61-1982.28.
(1D chart)
1st: 2104.60-2159.0
2nd: 1879.61-1923.03
If it falls, you need to check whether it is supported near the first and second levels above.
If it shows signs of support, I think it is time to buy more.
If it rises, the 2544.99-2686.94 area is expected to be the first resistance area.
If it rises above this range, it is expected to show a rapid upward trend.
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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.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(ETHUSDT chart)
However, since most altcoins are derived from ETH, I believe that the rise of ETH is likely to lead to a rise in altcoins.
(ETHBTC chart)
Therefore, we need to check whether it can be supported and rise in the 0.05320-0.8562 box section of the 1M chart.
(ETHUSDT 1W chart)
If not and it falls, you should check if it is supported around 1879.61-1982.28.
(1D chart)
2nd: 1879.61-1923.03
If it falls, you need to check whether it is supported near the first and second levels above.
If it shows signs of support, I think it is time to buy more.
If it rises, the 2544.99-2686.94 area is expected to be the first resistance area.
If it rises above this range, it is expected to show a rapid upward trend.
--------------------------------------------------
- The big picture
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Comment:
In order for a major bull market in the coin market to begin, it is expected that BTC dominance will rise above 61 and then begin to fall.
Accordingly, we would like to inform you in advance that it is difficult to say that the coin market has begun a major bull market just because BTC dominance is falling due to the current price rise of ETH.
#ETHUSDT
I believe ETH maintains an independent ecosystem that acts as a bridge between BTC and altcoins.
Therefore, the volatility of ETH can be said to have a short-term impact on the coin market.
If BTC continues to rise in sideways movements after the price rise of ETH, the coin market will maintain an upward trend.
Otherwise, if BTC fails to move sideways and shows a decline while the price of ETH is rising, the coin market will eventually show a downward trend.
I believe that whether this downtrend will be the start of a true downtrend or whether it will create a price adjustment and pullback pattern in the market will be determined by whether or not BTC is supported in the support zone.
A period of volatility for ETH is expected to occur around December 24 (December 23-25).
Accordingly, the key is which direction the price can deviate from the 2159.0-2419.83 range and maintain the price.
(BTCUSDT 1D)
BTC's volatility period is expected to last until around December 15 (December 24-26).
As this period of volatility passes, it is necessary to check in which direction the price can deviate from the 39845.44-45135.66 range.
Accordingly, we would like to inform you in advance that it is difficult to say that the coin market has begun a major bull market just because BTC dominance is falling due to the current price rise of ETH.
#ETHUSDT
Therefore, the volatility of ETH can be said to have a short-term impact on the coin market.
If BTC continues to rise in sideways movements after the price rise of ETH, the coin market will maintain an upward trend.
Otherwise, if BTC fails to move sideways and shows a decline while the price of ETH is rising, the coin market will eventually show a downward trend.
I believe that whether this downtrend will be the start of a true downtrend or whether it will create a price adjustment and pullback pattern in the market will be determined by whether or not BTC is supported in the support zone.
A period of volatility for ETH is expected to occur around December 24 (December 23-25).
Accordingly, the key is which direction the price can deviate from the 2159.0-2419.83 range and maintain the price.
(BTCUSDT 1D)
As this period of volatility passes, it is necessary to check in which direction the price can deviate from the 39845.44-45135.66 range.
Comment:
#ETHUSDT
In order to continue the upward trend, it must eventually rise above the 2419.83-2531.05 range.
If not, you need to check whether there are sideways movements in the 2159.0-2531.05 section.
If support is confirmed at the 2355.0 point, it is expected to lead to an attempt to rise above the 2419.83-2531.05 range.
If not, you should check for support around 2315.51.
If not, you need to check whether there are sideways movements in the 2159.0-2531.05 section.
If not, you should check for support around 2315.51.
[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, it is necessary to check whether the HA-High indicator is generated at point 2052.14.
When it is created at the 2052.14 point, the important thing is whether it can be supported and rise.
As a result, I believe that ETH is highly likely to continue its upward trend sequentially, unlike BTC.
ETH is expected to rise at the BTC halving next year.