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Created on: 2/3/2021 12:55:59 PM   Last Update: 2/3/2021 1:23:45 PM Posted by: RTT
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1 POST Price channels on Ethereum
price-channels-on-ethereumSupport and resistance levels are critical, yet finding them is an art and not a science, channels are one of our favorite tools to do this, and once found they can show blue skies for higher prices.

Previous post: Best Wyckoff Accumulation for 2020

Since computers came on the scene there has been an explosion of algorithms and all sorts of fancy widgets and gadgets to read price and volume action.

Readtheticker.com is old school and we base our primary chart reading on the theories of Wyckoff, Evans, Gann, Ney and Hurst. In all these theories support and resistance determination is critical, and parallel price channels drawn off A-B-C points which find true price support and resistance levels completes the task.

Below are two charts, standard price chart and a log price chart with parallel price channels, to show the important contrast.


Note: RTT Plus members can view the private members chart book of price channels on all major indexes, currency and crypto's.




Chart 1- Standard.


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ETH 1





Chart 2- Log with channels.

You can see how price moves between channel lines. If you had known the A-B-C channel drawing points early forecasting price via support and resistance would be a breeze. Please note the A-B-C drawing points need not be extreme price points, they are the price points which generate the best channel fit to price.



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ETH 2






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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

..“The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street, even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.”..

Jesse Livermore


..."There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism - by vote. It is merely the difference between murder and suicide"...


Ayn Rand

.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..

Kenneth Chang


.."It's easier to fool people, than to convince them they have been fooled"..

Mark Twain


..."If you don't read the newspaper, you're uninformed. If you read the newspaper, you're mis-informed."...


Mark Twain




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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund



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