Ethereum (ETH) - February 4

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We must see if we can climb above 1671.57 and gain support.

If it falls, you need to make sure you get support at 1446.53-1521.54.

If you fall at 1424.30, you need a short stop loss.

If it is supported above 1671.57, it is expected to touch the 1821.59-1896.60 range.


The next volatility period is around February 15-19.


If ETH dominance remains above the 15.47 point, the uptrend is expected to continue.

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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Nota
(Binance ETHUSDT 1D Chart)
syot kilat

(OKEX ETHUSDT 1D Chart)
syot kilat
Nota
(ETHUSD 1D chart)
syot kilat
You need to make sure you get support at point 1671.57.

If you go down from 1424.30, you can touch 1221.50, so you need a short Stop Loss.

If it falls from the 1087.0 point, a Stop Loss is required to preserve profit and loss.


On the wRSI_SR indicator, the RS line is falling at the 80 point.
It is expected to cross the SR line sooner or later.
Accordingly, you must be aware of the volatility that occurs.

In the CCI-RC indicators, it remains to be seen whether the CCI line can continue its uptrend along the uptrend line that began on March 12, 2020.
If you fall below the uptrend line, a sharp decline is expected and you need to trade carefully.


If the volatility generated by the wRSI_SR and CCI-RC indicators can be maintained near the 1671.57 point, it is expected to rise above the 1821.59 point.

The next volatility period is around February 17th.
Nota
(ETH dominance chart)
(1W chart)
syot kilat

(1D chart)
syot kilat

ETH dominance is falling.
However, we do not know how this will affect the ETH price.
If the trading volume continues to decrease, there is a possibility of a sharp decline, so I think it is better to set a Stop Loss to preserve profit and loss.

It may be a temporary decline due to the surge in BTC dominance, so you need to watch the market situation.
Chart PatternsEthereum (Cryptocurrency)ETHKRWETHUSDETHUSDTTechnical IndicatorsTrend Analysis

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