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Ethereum (ETH) - November 12

BINANCE:ETHUSDT   Ethereum / TetherUS
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(ETHBTC 1W chart)
Whether it can rise above 0.080311 is the key.

To do that, we need to make sure we can keep the price above 0.072484.

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(ETHUSDT 1D Chart)
The key is whether it can rise above 1340.12 and find support.

If not, you should check to see if it is supported in the 924.52-1196.81 interval, which is the trend-determining interval.


In order to transition to an uptrend, the price must rise above the HA-Low and MS-Signal indicators to maintain the price, so it is important to gain support by rising above 1340.12.

Such a consolidation near 1340.12 will cause the MS-Signal indicator to decline, leading to an attempt to break above the MS-Signal indicator.

At this time, it is highly likely that a trend will be formed depending on whether the breakout succeeds or fails.


Currently, ETH has not renewed its previous lows, so it can be seen that the bullish trend is continuing.

Therefore, I think that ETH is highly likely to lead the coin market when BTC price moves sideways in a certain section.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator contains indicators that indicate support and resistance points.

** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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[Example of exchange chart setup]

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

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