Ethereum (ETH) - January 2
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It remains to be seen if it can get support at the newly formed volume profile point at 729.51 and break above the uptrend line (3).
You should also touch the uptrend line (4) or the 711.0 point and see if you can move up.
If it falls at 689.93, it is a short-term Stop Loss.
Between January 3rd (January 2-4)-11 (January 12th) there is a movement that deviates from the 689.93-793.79 section.
Also, you should check the movement of the wRSI_SR and CCI-RC indicators during the above period.
Currently, the wRSI_SR indicator is showing a short-term downtrend.
In this short-term downtrend, we need to see where the ETH price is supported.
The CCI-RC indicator to see a longer flow than the wRSI_SR indicator should also watch what flow it shows.
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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)
** 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 and 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.
-------------------------------------------------- -----
It remains to be seen if it can get support at the newly formed volume profile point at 729.51 and break above the uptrend line (3).
You should also touch the uptrend line (4) or the 711.0 point and see if you can move up.
If it falls at 689.93, it is a short-term Stop Loss.
Between January 3rd (January 2-4)-11 (January 12th) there is a movement that deviates from the 689.93-793.79 section.
Also, you should check the movement of the wRSI_SR and CCI-RC indicators during the above period.
Currently, the wRSI_SR indicator is showing a short-term downtrend.
In this short-term downtrend, we need to see where the ETH price is supported.
The CCI-RC indicator to see a longer flow than the wRSI_SR indicator should also watch what flow it shows.
-------------------------------------------------- -------------------------------------------
** 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)
** 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 and 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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