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Ethereum (ETH) - May 30

BINANCE:ETHUSDT   Ethereum / TetherUS
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(ETHUSDT 1W Chart)
Strong support: 1475.0-1728.74

If it falls below 1475.0, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.

From a mid- to long-term point of view, it should rise above 2531.05 to continue the uptrend.


(1D chart)
In the short-term and medium-term perspective, it needs to rise above 1995.50 to turn into an uptrend.

However, since the section 1475.0-1728.74 is a strong support section, it is important to be supported above this section.

(buying)
- 1st : After confirming the support at 1728.74
- 2nd : After confirming the support in the section 1611.62-1728.74

(Stop Loss)
- When it falls below 1475.0 and receives resistance

(Sell)
- When resistance is received in the section 2531.05-2871.13
- When receiving resistance near 3676.23

If it rises above 3781.93 at the present time, a sharp movement is expected.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** 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.

(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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[Example of exchange chart setup]

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

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

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