readCrypto

Important support and resistance areas: 1879.61-1941.9

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BINANCE:ETHUSDT   Ethereum / TetherUS
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(ETHUSDT chart)

(1M charts)
The key is whether the price can be maintained by rising beyond the 1879.61-1941.9 range.


(1W chart)
It shows an upward trend in the box range of 1006.32-1783.0.

The key is whether the price can be maintained by rising above 2096.39.


(1D chart)

The key is whether the price can be maintained by rising above 1848.78, receiving support, and rising to the box range of 1923.03-2104.60.


The price is maintained by rising above the M-Signal indicator of the 1M chart, but it can be said that it has risen above the M-Signal indicator of the 1M chart only when the price is maintained by rising above 1848.78.

This is because if it fails to rise above 1848.78, it is expected to fall again to around 1759.20-1779.4.


Since the M-Signal indicator on the 1W chart and the M-Signal indicator on the 1M chart are still in reverse alignment, it is ambiguous to say that the market has entered an upward trend from a mid- to long-term perspective.

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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.

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Comment:
(ETHUSDT chart)
It is difficult to say that the situation has yet turned into an upward trend.

Accordingly, the key is whether it can receive support and rise around 1879.61.
Comment:
It is still difficult to say that it has turned into an upward trend.

Accordingly, the key is whether the price can be maintained by rising above 1879.61-1941.9.

[Example of exchange chart setup]

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

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