Ethereum (ETH) - February 20
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We have to see if we can get support at 1896.60 and climb above 2121.63.
If it falls, you need to make sure you get support from 1821.59-1896.60.
If you decline from 1821.59, you can touch 1671.57, so you need a short Stop Loss.
However, you need to trade carefully as you can touch and climb the 1612.0-1671.57 range.
The OBV on the volume indicator has fallen below 751.494K.
As a result, the possibility of a sharp decline is increasing.
You need to see if your trading volume is increasing so that it can rise above 751.494K.
In the wRSI_SR indicator, the RS line has risen more than 80 due to a sharp rise.
If it falls below 80, volatility may occur, so careful trading is necessary.
On the CCI-RC indicator, the CCI line fell below the EMA line, and fell below the drawn uptrend line.
It remains to be seen whether the CCI line can quickly rise above the EMA line or above the drawn uptrend line.
If the price fluctuates or maintains a constant trend, it tends to fail to reflect the current trend.
Therefore, you should look at the price and volume movements before any other indicators.
The next volatility period is around February 25th.
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(ETH Dominance 1D Chart)
We have to see if we can get support and climb at 13.27.
If it falls at 13.27, I think there is a possibility that the ETH price will plummet.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We have to see if we can get support at 1896.60 and climb above 2121.63.
If it falls, you need to make sure you get support from 1821.59-1896.60.
If you decline from 1821.59, you can touch 1671.57, so you need a short Stop Loss.
However, you need to trade carefully as you can touch and climb the 1612.0-1671.57 range.
The OBV on the volume indicator has fallen below 751.494K.
As a result, the possibility of a sharp decline is increasing.
You need to see if your trading volume is increasing so that it can rise above 751.494K.
In the wRSI_SR indicator, the RS line has risen more than 80 due to a sharp rise.
If it falls below 80, volatility may occur, so careful trading is necessary.
On the CCI-RC indicator, the CCI line fell below the EMA line, and fell below the drawn uptrend line.
It remains to be seen whether the CCI line can quickly rise above the EMA line or above the drawn uptrend line.
If the price fluctuates or maintains a constant trend, it tends to fail to reflect the current trend.
Therefore, you should look at the price and volume movements before any other indicators.
The next volatility period is around February 25th.
-------------------------------------------------- -
(ETH Dominance 1D Chart)
We have to see if we can get support and climb at 13.27.
If it falls at 13.27, I think there is a possibility that the ETH price will plummet.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
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