Ethereum (ETH) - September 12

11. Sept. 2022

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(ETH.D 1W chart)

If ETH dominance is maintained above the 18.54-20.13 range, the ETH price is likely to rise.

So, you should be careful when trading when ETH dominance falls below 20.13.

In particular, if it falls below 18.54, the price of ETH could plummet.

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(ETHUSDT 1W Chart)

It is important to be able to support and rise in the 1622.46-1879.61 section.



(1D chart)
When the RSI, Stoch RSI, and CCI(9) indicators break out of the overbought zone, the key is to keep the price above 1622.46.

If the Stoch RSI indicator declines, the price is likely to fall, so trade with caution.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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12. Sept. 2022

Kommentar

(ETCUSDT 1D Chart)

- The Heikin Ashi candle appears to be moving towards a downside.

- The HA-High indicator is declining and is about to be created at the 37.29 point.

- The bar graph has decreased in the Long/Short-S indicator.

So, if we find resistance at 37.29, we would expect a move towards the 35.61 area.


However, if the CCI line is above the EMA line in the CCI-C indicator, it is expected to maintain an upward trend.

Therefore, keeping the price above 35.61 is the key.


If you hold the price above 35.61, you expect to see an opportunity to buy more.


(example)
Based on the above analysis, let's create a brief trading strategy.

1. If you are looking to buy when it is supported near 37.29 or the 5EMA line, you should do it as a short-term trade.

So, if the price rises after buying and stops near the downtrend line or around 40.76, you should sell to confirm your profit.

The Stop Loss point is 36.26.


2. The 36.26-47.10 interval is the interval that determines the trend.

Therefore, if it is supported and rises in this section, it can proceed as a mid- to long-term trading method.

Therefore, it is important to keep the price in the 35.61-36.26 range or higher.


It is possible in the section 35.61-37.29 as a split purchase section.

However, we recommend that you start buying after confirming the support.


Since the 36.26-47.10 section is the section that determines the trend, buying at any point in this section makes no difference when it shows an upward trend in the mid- to long-term.

However, if the drop from 35.61 finds resistance, we expect further declines, so trade cautiously.

The Stop Loss point is when resistance is received at the 35.61 point.


The primary resistance point is point 47.10.


The big difference between #1 and #2 is in the way they realize profits.

Short-term trading methods are trades conducted to earn cash returns.

The medium-to-long-term transaction method is a transaction conducted to increase the number of coins (tokens) held.

(Of course, even in the mid- to long-term trading method, if you sell all your holdings when selling, you will get a cash profit.)

This means that the purpose of the transaction is different depending on the target.

Therefore, if you are trading for the purpose of short-term trading, you should close the transaction as a short-term transaction and not switch to a mid- to long-term trading method just because the price has plummeted.



If you look at the current price range, it has risen by more than 180%.

If you enter a short-term trading method at this price range and hold without selling when the price declines, you may have to deal with a drop of about -46%.

13. Sept. 2022

Kommentar

(ETHUSDT 1D Chart)

The RSI and Stoch RSI indicators fell below the 1741.38 point as they moved out of the overbought zone.

Therefore, the key is whether it can be supported in the section 1622.46-1741.38.


If the CCI line remains above the EMA line, it is expected to maintain an uptrend.


Therefore, it is necessary to check whether the upward trend can be continued by maintaining the price above the HA-High indicator.

Currently, the HA-High indicator is down and is located at 1696.51.

However, depending on where today's closing price is generated, the position of the HA-High indicator may change, so you need to wait.


In any case, the 1622.46-1879.61 section is a section that must be supported in order to continue the upward trend in the mid- to long-term.


Since the HA-Low indicator is located near 1542.32, if the price is maintained above 1542.32, it is likely to move higher.


If you make hasty decisions and trade while the chart is not drawn properly, it is difficult to create a trading strategy that matches the movement that will appear later.

Therefore, it is important to reduce the probability of a trade failure by trading after checking how the chart is drawn.


Currently, it is necessary to check where the HA-High indicator forms the horizon.

As the Stoch RSI indicator has moved out of the overbought zone, it is likely to enter the oversold zone soon.

Therefore, if you see support near 1622.46 when entering the oversold zone, it is highly likely to rise when it comes out of the oversold zone.


These probabilities can be used as a reference for making trading strategies based on the reliability of indicators that have been verified from the past.