readCrypto

Need to check whether it is supported or resisted around 1913.79

BINANCE:ETHUSDT   Ethereum / TetherUS
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(ETHUSDT chart)

(1M chart)
Looking at the 1M chart,
As long as the rate does not fall below the MS-Signal indicator and the downtrend line, I expect the price to maintain its uptrend.

From a long-term perspective, the time to buy in earnest is when the HA-High indicator on the 1M chart touches and rises.

Accordingly, it is necessary to check whether the price is maintained by rising above the current position of 3321.30 or above the newly created HA-High indicator.



(1W chart)
Looking at the 1W chart,
Most notably, the Bollinger bands began to contract.

Accordingly, it can be clearly seen that the possibility of large volatility is increasing in the future.


The section consisting of the HA-High indicator on the 1W chart and the 1862.0 point corresponds to the 1st support section.

2nd support section: around 1611.62
3rd support section: 1168.36-1338.65

As the price is holding above the HA-High indicator, it is more likely to break the previous high.

Whether the previous high will be at 2141.54 or 3582.10 is yet to be seen.


However, if the price stays above the HA-High indicator on the 1W chart and the Bollinger bands start to expand, a rise above 3582.10 is expected.



(1D chart)
Looking at the 1D chart, the HA-High indicator on the 1D chart is rising again and is about to be created.

Accordingly, the key is whether it can receive support around 1913.79 and rise.

If it starts to rise, we need to see if it can rise above 2074.00.


When looking at the combined support and resistance points on the 1M, 1W and 1D charts, the 1572.69-1879.61 section is an important one.

Therefore, if the price is maintained above this range, it is expected that it will eventually show an upward trend.

The target zone for this uptrend is the 2531.05-2871.13 zone.

Therefore, the 2531.05-2871.13 area is likely to be an important resistance area for the previous high on the 1W chart to reach the 3582.10 point.


For ETH to trend up, the money flow in the coin market, i.e. BTC dominance, must trend down.

Therefore, when looking at the flow of BTC or ETH, it is recommended to look at the Market Cap chart (USDT, USDC, BTC.D, USDT.D) together, if possible.

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(ETHKRW chart)
The sideways range on the 1M chart is 1911000-2920000.

The important support range on the 1W chart is 2370000-2487000.


Looking at the 1D chart,
The HA-High indicator on the 1D chart is expected to be created at the 2546000 point.

Accordingly, the key is whether the price can be sustained by rising above 2546000-2574000.

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

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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www.tradingview.com/x/S94aDxa8

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