Ethereum Classic (ETC) - June 29Hello?
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(ETCUSD 1W Chart)
If the price holds above the 36.305-47.296 range, it is expected to create a new wave.
(1D chart)
We need to see if we can find support at the 37.180-47.947 area and break out of the downtrend line.
If the price is maintained in the 47.947-69.480 range, it is expected to turn into an uptrend.
If it moves down from the 37.180 point, you should touch the 25.179 point and watch it move up along the uptrend line.
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(ETCBTC 1W chart)
If the price holds above the 0.00097-0.0013736 range, it is expected that the uptrend will continue.
(1D chart)
We will have to wait and see if we can move above the 0.0012739 point.
In particular, we need to see if we can break out of the downtrend line.
If the price holds in the range of 0.0012739-0.0016415, it is expected to turn into an uptrend.
If it goes down, you should see support at the 0.00097 point.
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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 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. 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 are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
