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Ethereum (ETH) - June 20

BITFINEX:ETHUSD   Ethereum
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(ETHUSD 1W Chart)
It remains to be seen if the MS-Signal indicator can find support and move above the 2647.70 point.

If the price holds above the 1351.0-1755.0 range, it is expected to maintain an upward trend.

If it falls from the 1424.30-1612.0 range, it can touch the 851.26 point or less, so you need to trade carefully.


(1D chart)
If it falls from the 2141.0 point, a Stop Loss is required to preserve the profit.
However, careful trading is required as it can touch the 1424.30-1612.0 section and follow the uptrend line.

The price should remain in the range 2141.0-2818.23 to convert into an uptrend.


There is virtually no trade to do as the price is falling due to a sharp drop in trading volume.
This decline in price due to a decrease in trading volume is because an increase in trading volume can lead to a rapid price increase at any time.

Therefore, I think it is good to proceed with trading after seeing the increase in trading volume.

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(ETHBTC 1W chart)
The 0.035178-0.053586 interval is an important interval, and if the price is maintained above this interval, it is expected to maintain an upward trend.

In particular, if it falls from the 0.040575 point, it may take a long time to rise as it enters the mid- to long-term investment area.
Accordingly, careful trading is required.


(1D chart)
It remains to be seen if the 0.060306-0.065674 zone finds support and can move along the uptrend line.

If it falls in the range of 0.048795-0.053586, Stop Loss is required to preserve profit and loss.
However, caution is advised as it may touch the 0.040575 point and move up along the uptrend line.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section

(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.

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

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

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

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