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Ethereum (ETH) - October 10

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BITFINEX:ETHUSD   Ethereum
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If it falls, you need to make sure you get support at 371.0.
If it falls at 371.0, it is a short-term stop loss.

It remains to be seen if it can rise above the uptrend line (5).

I think that the rise above 371.0 points has boosted expectations for the rise.

However, I think we can expect further price increases only if we gain support by rising above the 390.0 point, which is an important point.

Therefore, I think new entry should be cautious.

You need to see if you can move above the 385.68 point around October 13th (October 12-14), or if you're falling near the downtrend line (8).

You must check if the additional volume increases.

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(ETH Dominance 1D Chart)
Due to volatility around October 9th (October 8-10), it deviates from the downtrend line and is supported by the uptrend line (2) and is rising.

If it is located above 10.99, the movement to create a new wave is expected to continue.

I think it's good to get support at the 11.70 point or higher to give you a clearer look.

So, if it falls below the 11.70 point, it is a short-term Stop Loss.

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

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Comentarios:
(Binance ETHUSDT 1D Chart)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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