readCrypto

Ethereum (ETH) - Sep 5

BITFINEX:ETHUSD   Ethereum
Hello?
Dear traders, nice to meet you.

"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.

-------------------------------------------------- -----

We have to see if we can rise above the critical point of 390.0 and get support.

We also have to see if it can rise above the uptrend line (7).

If it falls at the 371.0 point, it is likely to touch the uptrend line (5) or below and 318.16 point or below.

You need to see if you can get support at the uptrend line (6) or at 371.0.

When it falls from the 390.0 point, if you have traded to preserve profit or loss, I recommend you to watch the situation more.

It is advisable to enter after seeing the rise.

--------------------------------------------------

I think it is necessary to carefully check the BTC price flow around September 4 (September 3-5) as seen in the XBTUSD chart.

-------------------------------------------------- -------------------------------------------

** 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.)

[Example of exchange chart setup]

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

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.