If it rises above 3438.16-3644.71, it is likely to renew the ATH
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(ETHUSDT 1W chart)
The 3438.16-3644.71 section is an important support and resistance section.
If it rises above this section and maintains the price, it is expected that there will be a movement to renew the ATH.
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(1D chart)
To do that, the key is whether it can rise with support near 3265.0-3321.30.
Currently, since the HA-High indicator of the 1D chart is formed at the point of 3787.59, it is highly likely that a full-fledged uptrend will actually begin when it rises above the HA-High indicator of the 1D chart.
Therefore, we can proceed with additional purchases when it shows support near the 1st and 2nd levels above.
If it falls after receiving resistance near the 1st and 2nd levels, the 2895.47 point is expected to be an important turning point based on the current price position.
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The longer the BW indicator rises to the 100 point and remains there, the more the pressure for a decline increases.
In order to reduce this pressure, you must sell in installments.
However, in a bull market like the current one, selling in installments is also difficult, so you should use a method of placing a reservation sell order at a point where it seems that it should not fall below this point.
A sharp movement up and down is a signal that the bull market is ending.
Since BTC has currently risen by more than 10%, it can be seen that there has been a sharp rise.
Therefore, we must prepare for a sharp decline.
When a sharp decline occurs, you should sell in installments to secure profits and buy more to maximize profits.
These transactions are ultimately determined by how you place the reservation order.
Since ETH has not yet updated its ATH, you can use the support and resistance points drawn on the 1M, 1W, and 1D charts.
Therefore, you should set the importance of the support and resistance points and place a split trading reservation order accordingly to prepare for the decline.
Currently, the important support area for ETH is 2895.47-2912.45.
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Have a good time.
Thank you.
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- Big picture
It is expected that the full-scale uptrend will start after rising above 29K.
The area 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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