Ethereum (ETH) - July 16

15 jul 2020

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Forming short-term support points, it is supported at 238.16.

Soon it is expected to touch the uptrend line (4).
We need to make sure that we can ascend along the rising trend line (4).

If you fall on the uptrend line (4), you are likely to fall below 50 EMA.

In order to continue the upward trend, I think it should be supported by rising at least 248.11 points.

In addition, you need to make sure that it rises above the downtrend line (3).

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(OKEX ETHUSDT 1D chart)


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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.

Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section

16 jul 2020

Nota

(ETHUSD 1D chart)

It fell from the uptrend line (4).
You need to make sure you can get support at point 232.90.
Near the 210.65 point, 5EMA on the 1M chart and 50EMA on the 1W chart are passing.
If you fall from 232.90, you should also watch for support near 210.65.
You should also see if you can rise above the short-term resistance point of 237.65.

23 jul 2020

Nota

(ETHUSD 1D chart)

You need to make sure you can get support at point 264.96.
We need to see if we can rise above the rising trend lines (2) and (5) and above the 275.21-281.63 sector.
It is a short-term stop loss when it falls on various trend lines.

You'll also need to see if you can rise above 302.70 to create a new wave.