The point to watch is whether it can rise to around 2555.69
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(ETHUSDT 1D chart)
I told you that in order to get out of the current box range (2273.58-2706.15), the price should be maintained above 2419.83.
However, it is currently touching around 2419.83 and rising.
Accordingly, I think the upward momentum may be weak.
Therefore, I think it is better to wait until we see support near 2555.69.
Currently, the M-Signal indicator on the 1M chart has fallen below 2666.70 and is passing around 2555.69.
Accordingly, I think it is not too late to buy after confirming that the price is maintained above the M-Signal indicator on the 1M chart.
If it rises above the upper point of the box section, 2706.15, I think it is highly likely that it will show a sharp upward trend.
Therefore, it is recommended to buy below 2706.15.
Once the rise begins, it is expected to rise to around 3265.0-3321.30.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale upward trend will begin 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 (overshooting)
4th: 134018.28
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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