readCrypto

Ethereum (ETH) - August 15

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BITFINEX:ETHUSD   Ethereum
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It rose by breaking through the 390 point.

It remains to be seen if it can rise above the 457.99 point.

You need to make sure you can get support at point 429.24.

If you see support at 413.65, it's a short stop loss.

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Coin market volatility period (August 14-17).
Therefore, I think careful trading is necessary.
I think it is better to observe the flow rather than rushing to trade according to the price flow.
I think this is a time when only minimal trading is possible to preserve profit and 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.)
Comment:
(ETHUSD 1h chart)
After 03:00 on August 20th, you need to see if you are rising along the uptrend line.
Make sure you are getting support at 413.65.

[Example of exchange chart setup]

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

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