The key to starting a trade is support and resistance points
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As you study candles, you will learn about trend reversal sections.
Therefore, rather than learning the shapes or patterns of candles, when you study them, you will be able to see the support and resistance points and sections made up of the selling area and trend reversal sections in a big picture.
Therefore, rather than trying to memorize the shapes or arrangements of candles, it is important to see whether support and resistance points and sections are formed when such shapes, arrangements, and patterns appear.
The same goes for other studies related to charts.
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As you study candles, you will find that what you have studied appears in the sections where candles are gathered.
These areas are drawn as horizontal lines to indicate support and resistance points.
However, objective information is needed to conduct trading on the horizontal lines drawn like this.
Otherwise, even the support and resistance points you drew will likely become useless lines if you conduct barrack trading because you don't trust them.
Be careful because your psychological state will interfere with analyzing the chart.
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The easiest way to obtain this objective information is the Heikin Ashi chart and the Renko chart.
The Heikin Ashi chart and the Renko chart help you check the trend because they show fewer fakes and sweeps.
(Heikin Ashi chart)
(Renko chart)
Among these, you can immediately see that the Renko chart is a bit easier to find support and resistance points.
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You can think of the points near the end of the blocks on the Renko chart as having strong support and resistance points.
Therefore, among the horizontal lines drawn on the chart above, the 2800.0 and 4000.0 points are the end points of three blocks, so they can be seen as strong support and resistance points.
If you change the Renko chart to a regular candle chart, you can clearly see that it will form support and resistance points or sections.
However, since the Renko chart changes the price in blocks, it is difficult to trade at this point.
Therefore, the Heikin Ashi chart or Renko chart is good to use when analyzing the chart, but it is difficult to trade.
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To compensate for this, we created a horizontal line at the price position using indicators (StochRSI, OBV, CCI, RSI) that have been used for a long time.
The horizontal line connected to the current candle position plays the role of the current support and resistance point.
And, since the longer the horizontal line, the stronger the support and resistance role, you can see that it plays the role of support and resistance even if it is not connected to the current candle.
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The support and resistance points drawn on the Heikin Ashi chart or Renko chart are difficult to use for trading, but you can easily check the support and resistance section by looking at only the 1D chart.
However, in order to display support and resistance points with a general candle chart, support and resistance points must be displayed on the 1M, 1W, and 1D charts.
And, the order of charts with strong support and resistance is 1M > 1W > 1D charts.
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When you look at the 1M, 1W, and 1D charts using the HA-MS indicator, horizontal lines like the above are displayed.
You can display them by changing the line type or line thickness to make them easier to see and then proceed with trading.
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The above content corresponds to the method of finding support and resistance points included in general chart-related books.
Of course, it is different from the explanation in the chart-related book, but I explained how to use indicators to more clearly indicate support and resistance points.
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Even if you trade with the support and resistance points above, it will not work well when you actually trade.
This is because you are not familiar with the most important trading strategy in trading.
In conclusion, the most important thing is to create a trading strategy, rather than finding the support and resistance points explained above, looking at the trend line, or looking at indicators.
However, it is very difficult to create a trading strategy that fits your investment style from the beginning.
So, you should practice creating a trading strategy that suits you while trading based on the information of the objective chart.
In order to trade, you need to decide on the following three things:
1. Investment period
2. Investment size
3. Trading method and profit realization method
The above three things must be determined.
No. 1 and 2 are determined according to your investment style.
Therefore, it is recommended not to change No. 1 and 2 after you start trading.
3. Based on the information of the actual chart, the buy section, sell section, and stop loss point are determined.
In addition, the profit realization method can be determined according to the investment period.
The profit realization method is:
1. How to get cash profit
2. How to increase the coin (token) corresponding to the profit
There are methods 1 and 2 above.
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In order to create a trading strategy, it is important to display all the information you want on the chart before starting the transaction.
If you do not, and then display lines on the chart after starting the transaction, psychological factors will be added and displayed, so the possibility of not trusting the lines drawn after starting the transaction increases.
To prevent this, it does not matter if you use the indicator added to the HA-MS indicator.
The reason is because it is objective information.
You should increase profits or reduce losses by adjusting the investment ratio while conducting the transaction using this objective information.
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Have a good time.
Thank you.
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ETHBULLUSDT trade ideas
Ethereum (ETH): Break of Sharp Trend / Smaller Sell OffEthereum has shown us a nice break of that sharp trend we were talking about for some time now.
Now that the price has broken nicely in that zone after forming a small fakeout there, we are looking for further movement to lower zones here so keep an eye on it!
Swallow Team
ETH long momentum High risk
Possible Momentum in ETH – 6 Bullish Arguments:
1️⃣ Swing low is holding.
2️⃣ Liquidity sweep below the swing low.
3️⃣ Discount Array Weekly
4️⃣ Bearish FVG disrespected.
5️⃣ Wick from the previous day still respected today.
6️⃣ Bullish FVG 1H respected
Trade Management:
The key focus is on how the weekly candle closes, so my stop-loss is placed tightly below the previous candle’s low. Target profit is set at the intermediate term high (ITH).
Capital Risk: 2%
R/R: 5.74
Ethereum (ETH): Failed Double Bottom / Possible Sharp Breakdown!Ethereum is not looking good on the daily timeframe, where the price is still presuring the support zone after a failed attempt to bounce from there.
We are looking for a possible sharp breakdown to happen as market structure is looking almost perfect for such a movement from here so let's see!
Swallow Team
Ethereum (ETH): Weekly Supportive Trend Seems Weak!Another week is here and we see already some struggle near our zone (where price has to bounce from).
Now, as we have previously mentioned, ideally we should see a upward movement from here and a bounce, but it seems that the volume of buyers is not strong enough and sellers are taking control here.
If it continues like that, we will see further pressure here and a possible break of trend to happen (which would start a nasty downward movement from here).
Swallow Team
Ethereum Is Not Done With Its Correction (Patience)I can see some 50M USD in LONGs liquidations being reported at Coinglass for Ethereum in the past 24 hours... My friends, the bearish wave (correction) is not over.
Ethereum can easily hit $1500/$1750, or even lower.
Some calculations put the bottom at $1200 or even $800.
It might not go that low but I'll tell you what, it is way too early go LONG.
Wait patiently, the market will give clear signals when the bottom is in.
We will see massive green all across, within hours after the bottom hits.
Right now everything is red and this is not the end.
Patience is key.
Namaste.
ETH / Usdt weekly analysisHello guys
Evertyhing is clear at chart AND IT's NOT A FINANCIAL ADVICE. IT's only my concept about next days
If you are long time investor so there will be a good buy level at 1500$ - 2100$ zone
I am more bearish now on #eth
So DONOT PANIC
Ethereum bullish correctionSellers have reached the temporary oversold zone and now it is time for a slight upward correction
Is your ETH and SOL working for you !?The crypto market never sleeps which means leaving your holdings stagnant could mean missing out on significant opportunities.
So it’s time to ask yourself:
Are your assets maximizing their potential, or are they just gathering virtual dust?
You wouldn’t leave all your money in a low interest savings account, so why do it with your crypto?
The idea is to put your investments to work, so they keep earning returns without you lifting a finger. I’ll walk you through exactly how to read it and use it to your advantage.
But that’s just the beginning, we’ll also be covering:
-Yield strategies: A breakdown of the strategies we use to generate yield.
-Pros and cons: The advantages and drawbacks of each strategy.
Not sure what options are best for you?
Are you letting your capital sit idle?
Worried about security risks?
This analysis is about to change that .I’ll show you how to maximize your returns and crush those security fears, so you can confidently put your assets to work
Let's dive right in and kick things off with the ‘crowd favorite’ of yield strategies: staking
Staking is exclusive to Proof of Stake (PoS) blockchains and their associated tokens.
Meaning you cannot gain staking yield from Bitcoin, for example, because it is a Proof of Work (PoW) blockchain. by staking your tokens like CRYPTOCAP:ETH or CRYPTOCAP:SOL , you receive a portion of newly minted tokens, effectively earning yield while playing a vital role in securing the network.
If you’re not staking, you could be missing out on significant gains, with potential returns ranging from 3% to 18% APY. that’s why many investors choose to stake their assets rather than let them sit idle
Staking has become a widely adopted strategy, with staking ratios (amount staked vs. unstaked) sitting between 20% and 80% on most POS blockchains In fact, a staggering $520 billion is currently staked across the top PoS blockchains, underscoring its popularity as a method for generating additional income.
Assuming an average 5% reward rate, that equates to $25 billion in staking rewards. That’s massive.
Despite the appeal of earning extra income through staking, becoming a solo staker can be technically challenging which is why staking providers like Lido, Rocket Pool, and Jito have emerged.
They handle network validation for the rest of us, while maximizing our staking yield.
Let’s break down the pros and cons of using a staking provider:
Pros:
✅ Security and efficiency: Our tokens are put to work securely and efficiently, contributing to the network’s security without us having to manage it all ourselves.
✅ Maximized rewards: We earn the majority of staking rewards without needing to handle the technical complexities, making it a hassle-free way to generate income.
✅ Liquidity retention: We receive liquid tokens as proof of our staked assets, allowing us to stay flexible and use them in other DeFi opportunities.
Cons:
❌ Fees: These providers typically charge a fee ranging from 8% to 25% for their validation services, which can slightly reduce your overall yield.
❌ Smart contract risks: There are inherent risks associated with smart contracts, such as bugs and/or vulnerabilities, that could potentially impact your staked assets.
By weighing these pros and cons, you can decide whether outsourcing your staking through liquid staking providers is the right strategy for you.
Ok, so if that’s the case how do we go about choosing the right liquid staking provider?
Here are some key factors to consider when selecting a provider:
1/ Reputation and security
Track record: Look for providers with a solid track record and a strong reputation in the DeFi space.
Security measures: Ensure the provider employs robust security measures, such as smart contract audits.
2/ Total volume locked
TVL: Check how much liquidity your chosen provider has attracted.
TVL is a quick and effective measure of the broader market's trust in a provider, as it reflects the total amount of assets currently staked or locked in their protocol, valued in dollars.
Feel free to use DefiLlama, which ranks all liquid staking providers by TVL.
Simply select the blockchain you’re interested in, and you’ll see the top players in the space, giving you a clear view of where the most assets are being staked and which providers are leading the market.
3/ Yield rates
Competitive yields: Compare the staking yields offered by different providers. While higher yields are attractive, they should not come at the expense of security or reliability.
Fee structure: Be aware of the fee structure. Liquid staking providers typically charge a small fee for their services, which can impact your overall returns.
4/ Liquidity and flexibility
Liquid staking tokens (LSTs): Check if the liquid tokens issued by the provider are widely accepted across DeFi platforms and have enough liquidity. The more integration and liquidity these tokens have, the better.
Redemption options: Some providers offer instant or flexible redemption options for your staked tokens, which can be crucial if you need quick access to your assets.
5/ Decentralization and governance
Decentralization: Providers that are more decentralized tend to be more resilient to risks such as regulatory actions or central points of failure.
Governance participation: Some providers offer governance rights with their tokens, allowing you to have a say in the protocol’s future direction. This can be an added benefit for those interested in being more involved in the ecosystem.
6/ Community and support
Active Community: A strong, active community can be a good indicator of a provider’s health and future prospects. Engage with the community to gauge the level of transparency and support.
so while you trading and trying to maximize your gains Its good to stake some of your HODL bag as well
ETHEREUM BEARISH CorrectionEthereum has completed the upside potential and is overbought and now a correction is needed, big moves and big traps are coming.
Be smart!!
Ethereum long term price analysis ETHUSDT#ETHUSDT
According to our opinion, Ethereum has penetrated the floor of $900 and the purchase order has been cleared at this price level.
From above, it has hit its daily true zone QM and after the start of its downward rally, it has cleared its FL or local resistance and is correcting an upward price and starting the next downward step.
Liquidity below the weekly long-term trend line confirms this.
We move step by step with the price....
Ethereum Breakout OpportunityEthereum is looking to breakout, however it will probably follow BTC with its price action. I would set take profit targets at the 3 resistance levels, to see a breakout to above 3000, we need to first see breakout of these resistance levels, so set some take profit on these 3 prices (or just in those ranges) to re-enter at a lower price if we get rejected. Good luck
ETH Breakout: Time to Go Long! #Ethereum has broken out of a falling wedge pattern on the 12-hour timeframe!
It’s Ready to go long!🚀
#Crypto
ETH - Next resistance at 2550 with target at 2750BINANCE:ETHUSDT (4H CHART) Technical Analysis Update
ETH price has hit bottom and strongly bounced back from the support zone (from price range of 2300 ). Price already seen a clear bounce back from the support and currently trading at 2400. next resistance at 2550 and if the price breaks that resistance then we can expect price to reach 2700.
Entry level: $ 2450
Stop Loss Level: $ 2250
TakeProfit 1: $ 2520
TakeProfit 2: $ 2600
TakeProfit 3: $ 2680
TakeProfit 4: $ 2750
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
Buy Trade Idea for Ethereum (ETH)Description
Ethereum (ETH), as a leading blockchain platform, is primed for potential investment opportunities based on its robust fundamentals:
- **Transition to Ethereum 2.0:** Ethereum's upgrade to a proof-of-stake model under Ethereum 2.0 aims to significantly increase its transaction speed and decrease energy consumption, potentially boosting its attractiveness and value.
- **Widespread Adoption:** Ethereum's platform is the foundation for numerous decentralized applications (dApps), including those in decentralized finance (DeFi) and non-fungible tokens (NFTs), which could drive further demand and increase the value of ETH.
- **Institutional Interest:** Increasing interest and investment in Ethereum by institutional investors can provide more stability and growth potential for ETH.
- **Network Improvements:** Ongoing improvements and protocol enhancements continue to solve issues such as high gas fees and network congestion, making Ethereum more user-friendly and scalable.
Given these developments, buying ETH could be a strategic move for investors looking to benefit from its core strengths and long-term growth potential in the blockchain ecosystem.
Disclaimer
Cryptocurrency trading involves significant risks, including complete loss of capital, and is not suitable for every investor. The information provided here is for informational purposes only and should not be considered financial advice. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. Always conduct your own research, consider your risk tolerance, and possibly consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
The key is whether the MS-Signal indicator can rise above it
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If you "Follow", you can always get new information quickly.
Please also click "Boost".
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The Chuseok holiday in Korea is until September 18th.
Therefore, it is difficult to publish ideas.
I hope you have a healthy and happy holiday.
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(ETHUSDT Renko 1D chart)
We need to check whether the price can be maintained above 2400.0 and whether it can rise above 2600.0 to create an upward block.
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(ETHUSDT 1D chart)
The key is whether the MS-Signal (M-Signal on the 1D chart) indicator can rise above and maintain the price.
Unlike BTC, ETHUSDT is not yet above the MS-Signal (M-Signal on the 1D chart) indicator.
In order to turn into a short-term uptrend, the price must rise above 2531.05-2621.99 and maintain the price.
If not, we need to check for support near 2359.35.
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I think the StochRSI indicator is currently forming a high point because the slope has changed in the overbought zone.
Therefore, the 2531.05-2621.99 zone is an important support and resistance zone.
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Once you start studying charts and become familiar with them, trend lines are virtually unnecessary.
However, since understanding the HA-MS indicator is necessary, I drew trend lines to help you understand the chart.
This can actually be a hindrance to looking at the chart.
If you are looking at my charts for the first time, the most important thing is the MS-Signal indicator, which is the arrangement of the M-Signal line, which is the main line of the MS-Signal indicator on the 1M, 1W, and 1D charts.
This is how you can predict the trend.
The next important thing is related to the HA-Low and HA-High indicators.
That is, you will trade based on the movement in the box section of the HA-Low and HA-High indicators.
The other lines are lines that represent the support and resistance lines drawn on the 1M, 1W, and 1D charts and the volume profile section.
Therefore, if you want to know the trend through chart analysis, you can check the location of the M-Signal indicator on the 1M, 1W, and 1D charts corresponding to the MS-Signal indicator.
If you want to trade, you can create a trading strategy by referring to the points made up of the HA-Low and HA-High indicators or the support and resistance points drawn on the 1M, 1W, and 1D charts.
If you only display the support and resistance points by key indicators, it is like the chart above.
You can trade with this alone, but I think it is likely that you will have difficulty trading because you cannot create a response strategy according to price fluctuations.
What you want to inform through chart analysis is that only the person who analyzed it can properly understand the content.
Therefore, how you accept the content analyzed by others will vary depending on each person's investment style.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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ETH - waiting for backtesting Ether has cross up the potential reversal zone of the bullish pattern.
Additionally, the main trend is within an ascending price channel, and it has also broken above the order block candle.
Now, we are waiting for a retest of the order block candle and the middle of the channel. If successful, it is expected to reach the top of the channel. However, if the order block is broken, it is likely to break below the channel as well."
This is not financial advice.
$ETH Daily Bullish dragon & Bullish engulfingReal clean bullish dragon pattern here on ETH with the daily Bullish engulfing today.
Initially looking for the range high target at 2810. This would confirm the double bottom, and the expectations above that would be a 1.618 extension, or as high as the measured move of the double bottom.
A break above the upper supply line would then raise the targets to 4490-4885, and as high as about 6k for a 1.618 extension of the correction.
Breaking the local supply line, and retesting the top of the range would be a great start here.
#ETH Bullish Cup and Handle Structure📊#ETH Bullish Cup and Handle Structure📈
🧠From a structural perspective, we have constructed a bullish cup-and-handle structure near the 2400 resistance area. It has successfully broken through 2400 and the bullish cup-and-handle structure has been established, so we can still expect it to go higher. The next strong resistance is around 2500-2565, and we will use the remaining positions to look forward to it.
➡️If we continue to be hindered by 2400 and start to fall back, then we can pay attention to the support performance of the 2353-2371 support zone.
Let’s see 👀
🤜If you like my analysis, please like 💖and share it💬
💕 Follow me so you don't miss out on any signals and analyze 💯 BINANCE:ETHUSDT.P
Ethereum (ETH): Another Rejection + End of Triangle FormationOn a smaller timeframe, we had another rejection from that small resistance zone where price is being pressured into a corner here.
Now with that sharp trend we have (bullish), we are looking for a short setup to form here but before that, we need to see a break of the lower Bollinger Bands Line, which will also break the trend line.
If we do not see that and we see another test to resistance zone, then we will see most likely a move to 200 EMA.
Swallow Team
Ethereum (ETH): Buyers Struggle To Secure Zone / Possible Fall Ethereum buyers are struggling to maintain the current push from the lower support zone.
This is a very crucial zone for buyers, as if they do not show any dominance here we will see a failed double bottom pattern, which usually ends with a very sharp selloff near that support zone.
So we wait to see one of two things: either a huge green candle or a slow movement to support where we will be looking for a short position!
Swallow Team
ETH ANALYSIS🔮 #ETH Analysis 🚀🚀
💲💲 #ETH is trading in a Descending Broadening Wedge Pattern. And the price is trading around its support zone. We can see again a pullback from its support zone
💸Current Price -- $2354
📈Target Price -- $3680
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #DYOR
The key is whether it can be supported near 2359.35
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If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(1M chart)
As you can see from the 1M chart, the trading volume occurred in the box section.
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(1W chart)
As you can see from the 1W chart, the point where the volume profile section is formed is 1021.49, 2354.39.
Therefore, the key is whether it can be supported near 2354.39.
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(1D chart)
Since the HA-Low indicator of the 1D chart was formed at 2359.35, it is important to see if it can be supported around here and rise above the MS-Signal (M-Signal on the 1D chart) indicator.
Therefore, it is important to see if it can rise to around 2531.05-2621.99 and maintain the price.
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Since the StochRSI indicator is showing signs of a change in slope in the overbought zone, if it falls without being supported around 2359.35, it is necessary to check if it is supported around 2196.52.
Since ETH has fallen below the M-Signal indicator on the 1M chart, it can be seen as turning into a downtrend from a long-term perspective.
So, we need to see which way it deviates from the 2196.52-2621.99 range.
The next volatility period for ETH is around September 26th.
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Have a nice time.
Thank you.
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- Big picture
The real uptrend is expected to start after it rises above 29K.
The range expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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