Important support and resistance zone: 3265.0-3321.30
2025-01-14
Category: None


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(ETHUSDT 1D chart)

It fell below the M-Signal indicator on the 1W chart while falling from the important support and resistance zone.

Accordingly, the key is whether it can rise to the vicinity of 3265.0-3321.30 and receive support.

If it fails to rise, it is expected to eventually touch the M-Signal indicator on the 1M chart.

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(30m chart)

As I mentioned in the BTC analysis, the key is whether the price can be maintained by rising above the M-Signal indicator on the 1D chart.

In other words, the key is whether the price can be maintained by rising above 3438.16.

Several indicators are passing near the important support and resistance zone of 3265.0-3321.30.

Therefore, we can see that it is an important zone.

If it fails to rise above 3265.0-3321.30, it is expected to touch the M-Signal indicator on the 1M chart.

Therefore, the point to watch is whether it can receive support and rise from the current price position (around 3136.41).

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Thank you for reading to the end.

I hope you have a successful trade.

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- ​​Big picture
I used TradingView's INDEX chart to check the entire range of BTC.

(BTCUSD 12M chart)

Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.

In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.

Accordingly, the upward trend is expected to continue until 2025.

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(LOG chart)

Looking at the LOG chart, you can see that the upward trend is decreasing.

Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.

Therefore, I expect that we will not see prices below 44K-48K in the future.

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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.

That is, the Fibonacci ratio of the first wave of the uptrend.

The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.

Therefore, this Fibonacci ratio is expected to be used until 2026.

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No matter what anyone says, the chart has already been created and is already moving.

It is up to you how to view and respond to it.

Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.

However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.

The reason is that the user must directly select the important selection points required to create the Fibonacci.

Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

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