Hello, traders. Nice to meet you.
If you "Follow," you'll always get the latest information quickly.
Have a great day.
-------------------------------------
(ETHUSDT 1D Chart)
The upward trend continues, with the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart.
Therefore, if the price holds above 3265.0-3321.30, a medium- to long-term uptrend is likely.
Currently, the HA-High ~ DOM(60) range is formed across the 3265.0-3762.33 range on the 1M, 1W, and 1D charts.
Therefore, the key question is whether support is found within the 3265.0-3762.33 range.
-
While the price is trending upward along the short-term trendline, if it falls below the short-term trendline and encounters resistance by falling below the M-Signal indicator on the 1D chart, a decline to the 3265.0-3321.30 range is likely.
ETH's volatility period is expected to last from August 6th to 10th.
The key point to watch is whether it can rise above the 3900.73-4107.80 range after this volatility period.
-
Since the StochRSI indicator has entered an oversold zone, the downside is likely to be limited.
Since the OBV indicator of the Low Line ~ High Line channel remains OBV > OBVEMA, a significant decline is unlikely.
However, since the TC (Trend Check) indicator is below zero, selling pressure is dominant.
Therefore, a decline below 3708.87 could lead to further declines. However, as previously mentioned, the decline is likely to be limited, so a significant decline is not expected.
Once the M-Signal indicator on the 1D chart is encountered, the trend is expected to re-establish itself.
-
Thank you for reading to the end.
I wish you successful trading.
--------------------------------------------------
- This is an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I will explain in more detail when the bear market begins.
------------------------------------------------------
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.