Ethereum / TetherUS
Updated

See if it finds support near 3321.30 and can rise

279

Hello, fellow traders!

Follow us for quick updates.
Have a great day.

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

(ETHUSDT 1D chart)
snapshot
There's no change from what I mentioned in my previous idea.

The M-Signal indicator on the 1M chart has been touched, so the trend will be re-determined.

At this point, it's crucial to check for support near the Fibonacci 0.618 (3239.06) - 3438.16 range.

If support fails and the price falls below the M-Signal indicator on the 1M chart, support should be checked around the 2419.83-2706.15 range.

-
Since the TC (Trend Check) indicator has touched its lowest point, a rebound is highly likely.

Therefore, determining support near the critical Fibonacci 0.618 (3239.06) - 3438.16 range is more important than ever.

Currently, ETH is in a period of volatility.

Therefore, we need to monitor the movement until November 6th.

The next period of volatility is around November 13th.

-
Thank you for reading.
We wish you successful trading.

--------------------------------------------------
Trade active
#ETHUSDT
snapshot
The HA-Low indicator on the 1D chart is showing signs of forming at the 3472.96 level.

Therefore, if the HA-Low indicator forms at the 3472.96 level, it will be important to determine whether there is support near that level.

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.