Ethereum (ETH) - August 22

2021년 8월 21일

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(ETHUSD 1W Chart)

If the price is maintained above the 1424.30-1755.0 range, it is expected that the uptrend will continue.


(1D chart)
We need to see if there is any movement out of the 3009.20-3363.60 section due to the volatility between August 17th-28th.

The breakout from the short-term uptrend line is encouraging downside fears.
Accordingly, it is important to find support in the 2829.10-3009.20 section.

If it falls in the range 2263.90-2541.60, Stop Loss is required to preserve profit and loss.

For ETH to accelerate its uptrend, it needs to move above the uptrend line (1).


If the CCI line remains above the +100 point on the CCI-RC indicator, it is expected to touch the EMA line and move higher.

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(ETHBTC 1W chart)

If the price holds above the 0.040575-0.045 range, it is expected that the uptrend will continue.

In particular, if the price is maintained above the 0.053586 point, it is expected to create a new wave.


(1D chart)

The section 0.063414-0.078762 is a sideways section.

It is necessary to check whether there is movement out of the range of 0.063414-0.072484 due to the volatility around August 30th.

If it goes down, you should check to see if it finds support at the 0.058298-0.063414 range.

If it falls from the 0.058298 point, Stop Loss is required to preserve profit and loss.

However, since the 0.048795-0.053586 section forms an important volume profile section, you can touch this section and rise, so careful trading is required.


If it deviates from the downtrend line (1), the uptrend is expected to accelerate.


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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 the 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)

2021년 8월 21일

노트

It is important to check the support and resistance bands and the direction of the trend before proceeding with the trade.
You have to decide whether to buy or sell by adding the status of the volume to the confirmation.

I think volume means power.
You need to look at the volume to know if the uptrend is strong or the downtrend is strong.

However, it is not easy to know the status of the general trading volume indicators.
So, many traders use volume profile indicators.

In the chart I'm posting, I have set the index corresponding to the volume profile.

1. OBV indicator included in trading volume indicator
2. OBV indicators included in MRHBA-O indicators

(These two points will be made by me, so I need to share my chart and use a copy of the indicator.)


1. OBV indicator included in trading volume indicator
The increase and decrease of green and red along the center line of the OBV are expressed so that you can visually check whether the buying trend is high or the selling trend is high.

In addition, when the center line of OBV rises, it is expressed that the power of buying or selling is getting stronger.


2. OBV indicators included in MRHBA-O indicators
The change of the volume profile point is expressed by expressing the point passing through the 0 point in the existing OBV index.

However, we tried to find a more accurate point by changing the formula of the existing OBV indicator.


Most of the methods of viewing the chart in the coin market are analyzed by setting support and resistance points by the trend.

Trends, once developed, are not easily changed, so they are mostly predictable.

However, if the trading volume is not expressed in the chart analyzed as a trend, the strength of the force cannot be properly known.

Therefore, when looking at the chart

1. Check the trading volume
2. Check support and resistance zones
3. Check the trend

You have to watch them in order.