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(ETHUSDT 1D chart)
The M-Signal indicator on the 1M chart has risen above.
Accordingly, the key is whether it can find support near 2677.18 and rise.
If OBV rises above the A line, the price is expected to rise significantly once more.
Then, it is expected to rise to around 3265.0-3321.30.
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If it falls without being supported near 2627.18, it is necessary to check whether it is supported near the right Fibonacci ratio 0.5 (2295.84).
Since the M-Signal indicator on the 1W and 1D charts is passing near that point, it is expected to play an important role.
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Since the StochRSI indicator is in the overbought zone, it will eventually show a downward trend.
It is not known how much this decline will occur, but since the StochRSI 50 indicator is currently formed near 2359.35, it is important to check whether there is support near that area.
Therefore, in order to proceed with a new transaction, I think it is better to check the support point when the StochRSI indicator shows a downward and then upward trend in the overbought zone.
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Thank you for reading to the end.
I hope you have a successful transaction.
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- Here is an explanation of the big picture.
I used TradingView's INDEX chart to check the entire range of BTC.
I rewrote the previous chart to update it while touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10).
(Previous BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the upward trend is expected to continue until 2025.
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(Current BTCUSD 12M chart)
Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15).
It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54).
(BTCUSDT 12M chart)
Based on the BTCUSDT chart, I think it is around 42283.58.
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I will explain it again with the BTCUSD chart.
The Fibonacci ratio ranges marked in the green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges.
In other words, it seems likely that they will act as volume profile ranges.
Therefore, in order to break through these ranges upward, I think the point to watch is whether they can receive support and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28).
Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range.
In order to do that, we need to see if it is supported and rises near 2.618 (134018.28).
If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%.
Therefore, if it starts to fall near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54).
I will explain more details when the bear market starts.
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Note
#ETHUSDTIf the price stays above the M-Signal indicator on the 1M chart, it is likely to continue the uptrend in the medium to long term.
Accordingly, the key is whether it can receive support and rise around 2514.57.
The area around 2627.18 is an important support and resistance zone.
This is because when this zone is broken, the uptrend or downtrend begins.
If it falls below 2514.57, it is expected that the trend will be determined again when the M-Signal indicator on the 1W and 1D charts is touched.
Trade active
#ETHUSDTThe key is whether the M-Signal indicator on the 1M chart can rise above and sustain the price.
To do so, it needs to rise above the Fibonacci ratio range of 0.382 (2647.80) ~ 0.382 (2723.46) and sustain the price.
If not, and it falls, we need to see if it can find support near the M-Signal indicator on the 1D, 1W charts and rise.
If it falls below that, it may fall again to around 1861.57, so you should think about a countermeasure.
If the OBV indicator rises above the High Line, it is likely to rise above the M-Signal indicator on the 1M chart.
However, if the BTC StochRSI indicator enters the overbought zone and the rise is restricted, ETH is likely to show a downward trend.
Note
#ETHUSDTThe OBV indicator is rising above the High Line, and it is showing an increase above the M-Signal indicator on the 1M chart.
The key is whether it can be supported near the Fibonacci ratio range of 0.382 (2647.80) ~ 0.382 (2723.46) and rise.
Even if it doesn't go up all at once, if the price stays above the M-Signal indicator on the 1M chart, I think it's likely to go up.
If it starts to go up, it's expected to go up to around 3265.0-3321.30.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
◆ t.me/readCryptoChannel
[HA-MS Indicator]
bit.ly/3YxHgvN
[OBV Indicator]
bit.ly/4dcyny3
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.