Ethereum (ETH) - November 17
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(ETHBTC 1W Chart)
The question is whether it can find support at 0.072484 and move up along the uptrend line.
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(ETHUSDT 1D chart)
To turn into an uptrend, the price needs to stay above the HA-Low line and the MS-Signal indicator.
In this sense, the interval 1274.63-1340.12 has an important meaning.
If it fails to find support at 1196.81 and falls, it should check for support near 1128.53.
If it doesn't, it's likely to fall around 924.52-995.13.
In any case, the 924.52-1196.81 section is the section that determines the trend, so if it is supported and rises within this section, it is likely to show an uptrend.
Therefore, if it shows resistance at 924.52, a stop loss is required.
As you can see from the ETHBTC chart, ETH still has a lot of upside potential.
So, if you have upside power, I think the current downturn is opening up another opportunity.
Whether or not you can get this opportunity, I think it depends on the percentage of cash you currently have and the profit/loss ratio of the coins (tokens) you already have.
In any case, you need to trade with a trading strategy that suits you in order to successfully complete the trade.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(ETHBTC 1W Chart)
The question is whether it can find support at 0.072484 and move up along the uptrend line.
-------------------------------------
(ETHUSDT 1D chart)
To turn into an uptrend, the price needs to stay above the HA-Low line and the MS-Signal indicator.
In this sense, the interval 1274.63-1340.12 has an important meaning.
If it fails to find support at 1196.81 and falls, it should check for support near 1128.53.
If it doesn't, it's likely to fall around 924.52-995.13.
In any case, the 924.52-1196.81 section is the section that determines the trend, so if it is supported and rises within this section, it is likely to show an uptrend.
Therefore, if it shows resistance at 924.52, a stop loss is required.
As you can see from the ETHBTC chart, ETH still has a lot of upside potential.
So, if you have upside power, I think the current downturn is opening up another opportunity.
Whether or not you can get this opportunity, I think it depends on the percentage of cash you currently have and the profit/loss ratio of the coins (tokens) you already have.
In any case, you need to trade with a trading strategy that suits you in order to successfully complete the trade.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
---------------------------------
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