Ethereum (ETH) - August 8
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It fell from the 390 point.
If it falls below the uptrend line (6), it is a short-term Stop Loss.
At this time, it should not fall below the 302.70 point.
To rise above the uptrend line (7), we need to see if we can get support at 371 points over the weekend.
If you rise above 390 points and get support, I think there is a possibility to create a new wave to rise above 500 points.
So, we need to take a close look at the movements over the weekend.
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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 profit generation 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 should trade from a short-term investment perspective.)
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.
-------------------------------------------------- -----
It fell from the 390 point.
If it falls below the uptrend line (6), it is a short-term Stop Loss.
At this time, it should not fall below the 302.70 point.
To rise above the uptrend line (7), we need to see if we can get support at 371 points over the weekend.
If you rise above 390 points and get support, I think there is a possibility to create a new wave to rise above 500 points.
So, we need to take a close look at the movements over the weekend.
-------------------------------------------------- -------------------------------------------
** 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 profit generation 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 should trade from a short-term investment perspective.)
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