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Ethereum (ETH) - August 1

BINANCE:ETHUSDT   Ethereum / TetherUS
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(ETHUSDT 1M Chart)
Whether it can move higher than 1741.38 is the key.


(1W chart)
You should check for any movement that deviates from the 1622.46-1879.61 section.

The RSI indicator is out of the oversold zone, but the Stoch RSI indicator is entering the overbought zone.

So, when the Stoch RSI moves out of the overbought zone, you need to know where to find support and resistance.


(1D chart)
Resistance: 1741.38-1879.61
Support: 1506.09-1622.46

The key is to find support and move up around 1622.46.

If the price is maintained by moving up to the 1741.38-1879.61 section, there is a possibility of a surge.

However, there is a possibility of a sharp drop in case of failure, so careful trading is required.


If resistance is found by falling in the 1506.09-1622.46 section, it may lead to further declines, so a short-term Stop Loss is required.

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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 MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** 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.

(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.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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