Check for support in the 2nd section

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(ETHUSDT 1M chart)

The key is whether it can receive support near the Fibonacci ratio point of 0.618 (3548.07) and rise above the upper point of the HA-High indicator box on the 1M chart.

If the price is maintained above the HA-High indicator, I think there is a high possibility of a full-fledged upward trend.

Therefore, it is expected that a full-fledged upward trend will begin only when the price is maintained above the 3321.30 point, which is the HA-High indicator point on the 1M chart.


If not, and it falls, you should check for support around 0.382 (2647.80).


(1W chart)

It has touched the psychological volume profile zone and is rising.

The key is whether it can receive support in the 3503.68-3730.71 range and rise above 4093.92.


If not, and it falls, you should check for support around 3025.27-3321.30.


If the price maintains above 4093.92, it is expected to rise to around 4868.0.


(1D chart)

It should rise to the HA-High indicator box section (3570.0-4010.98) on the 1D chart.

Accordingly, the key is whether it can receive support around 3570.0 and rise above 3903.61-4010.98.

If the price is maintained above 3903.61-4010.98, a full-fledged upward trend is expected to begin.


The 3025.27-3321.30 section is the HA-High indicator section of the 1M and 1W charts, so it is an important section.

Since the price broke above this important zone with a sharp increase, if the price holds above 3025.27-3321.30, it is expected to renew the latest previous high.

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(1D chart)

Please refer to the HA-Low and HA-High indicators used to initiate trading and the BW indicator to verify them.


We need to check if we can receive support around the current secondary range, that is, the 3570.0-3730.71 range.


If you were unable to buy around 2817.0-3025.27, I think it would be a good idea to check for support in the 3903.61-4093.92 range and proceed with buying.

The reason is that the HA-High indicator was created and a high point was formed.

Therefore, the HA-High indicator point at 3903.61 can become a resistance point.


From a day trading perspective, if support is confirmed around 3570.0, you can buy and sell around 3903.61.



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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Comment:

(ETHUSDT 1W chart)

Similarly, on the BTC chart, StochRSI > StochRSI EMA.

And, the StochRSI indicator has not yet risen above 30.

However, when this week's candle closes, it is likely to rise above 30, so it is highly likely that it will eventually show an upward trend.

Accordingly, the key is whether the price can be maintained above 3730.71, i.e. above the upper point of the HA-High indicator box on the 1W chart.

If that happens, we expect it to rise above the previous high of 4093.92.


Trend line (1) is the line drawn on the 1M chart.

Therefore, it is a long-term trend line and is not easily encountered.

We need to check whether it can rise along the trend line (1) this time.


(1D chart)

Previously drawn short-term trend lines, that is, trend lines drawn on 1D charts, have been deleted.

Unlike the BTC chart, ETH has not created a new HA-Low indicator.

This can be interpreted as maintaining an upward trend.


The price rose above the MS-Signal indicator (M-Signal on the 1D chart), maintaining the price and causing a sharp rise.

At this time, it rose sharply around 3025.27, an important point, and broke upward through the 3025.27-3321.30 section, which is an important section.


If the price rises above the HA-High indicator (3903.61) on the 1D chart and holds, it is highly likely that a full-fledged upward trend will begin.

Therefore, you should react based on support around 3903.61-4010.98.

Even if it falls, it is expected to maintain an upward trend if it shows support around the important range of 3025.27-3321.30.

Comment:

(ETHUSDT 1D chart)

ETH showed a volatility of 12.9%.

All important sections, 3503.68-3570.0 and 3903.61-4010.98, were touched.


The rising trend line (1) is the trend line drawn on the 1M chart.

The rising trend line (2) is a trend line drawn on a 1D chart.

The rising trend line (3) is the trend line drawn on the 1W chart.

Therefore, the key is whether the uptrend can be maintained within the rising trend line (3) to (1) channel.


If it rises above the rising trend line (1), it is expected to rise sharply.

Conversely, if it falls below the rising trend line (3), it is expected to fall sharply.


Important points are 3025.27, 3321.30, and 3903.61.

Comment:

#ETHUSDT

A short-term upward trend line was created, forming a high point line.

Accordingly, around June 3 (June 2-4) is expected to be a volatile period.

At this time, you need to check whether it can rise above the important support and resistance range of 3903.61-4093.92.


If not, you should check for support around 3503.68.

The reason is that the 3025.27-3321.30 area is an important support and resistance area.