Yesterday it was said that $ETH fell to a key indicator, which is MA120!
The daily chart works better; I’m not sure about the usefulness of the indicator, but it definitely has a supportive role.
You don’t need too many indicators; one or two useful ones are enough. I personally think that flashy ones are not very useful.
I don't often share technical analysis; it’s a probability game! The risk is always greater than the understanding.
I’ll share once and mark the naked K chart reference + indicators on the chart. Later, I might consider live streaming to share my own strategies!
The indicators are very simple: if the price is above the indicator, it's bullish; if the price is below the indicator, it's bearish. One detail to pay attention to is that different period indicators need to be calculated for cycles and watch for the indicators turning. This can be a bit tricky. Also, there’s the breakout of the indicator and the breaking below the indicator; that's about it. Just refer to it yourself, and if you find it useful, please give it a like. Thank you ☺️