Ethereum (ETH) - November 14

Hello?
Welcome, traders.

By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.

-------------------------------------

(ETHBTC 1W chart)
The key is to hold the price above 0.072484 and lead to an attempt to move higher above 0.080311.

---------------------------------------

(ETHUSDT 1W Chart)
It is important to be able to support and rise in the 924.52-1196.81 section.


Currently, the Stoch RSI indicator is showing signs of entering the overbought zone.

Entering the overbought zone does not mean that it will lead to further declines immediately.

However, it is important to check whether there is support or resistance at any point or area when it comes out of the overbought zone.

If the Stoch RSI indicator fails to enter the overbought zone and declines, it means that the upside is weak and you should prepare for further declines.


(1D chart)
The key is whether the 1196.81-1340.12 section can be supported and rise.

If not, you should see support around 1128.53.


The section 924.52-1196.81 is the section that determines the trend, so if you show support in this section, it is highly likely to lead to an uptrend.


The next volatility period is around November 23rd.


An important interpretation of the Stoch RSI indicator is
1. Whether to enter the overbought or oversold section
2. Whether it is being supported or resisted when it breaks out of the overbought or oversold zone
is to see


If you enter the overbought or oversold zone, it means that there is a buying trend and a selling trend.

Therefore, when you break out of an overbought or oversold zone, it is likely that movement will follow the movement at support and resistance points.

Otherwise, like the movement of the Stoch RSI indicator around November 7, after breaking out of the oversold zone, it failed to enter the overbought zone and fell, resulting in a bigger downtrend.

These movements are not part of the RSI indicator.

If you use the wave theory to analyze charts, I think the Stoch RSI indicator is more useful than the RSI indicator.

------------------------------------------------------------ -----------------------------------------------------

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator contains indicators that indicate support and resistance points.

** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).

(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.)

---------------------------------