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Ethereum (ETH) - October 20

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BINANCE:ETHUSDT   Ethereum / TetherUS
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(ETHUSD 1D Chart)
The key is whether it can rise above 1340.12 and find support.

To do so, it is necessary to check whether the stock is supported and ascends in the 1.13 (1228.15)-0.886 (134.25) section.


Since the short-term bearish channel is complete, we expect it to have a chance to reverse the trend by exiting it.


The interval 924.52-1196.81 is the interval that determines the trend.

So, if it goes down, we should see support near 1196.81 and see if it leads to an attempt to break out of the bearish channel by moving up.


The StochRSI indicator is showing signs of declining in the overbought zone.

Therefore, it is necessary to check whether support is confirmed in or near 1196.81, that is, 1.27 (1158.66)-1.13 (1228.15).


The volatility period is around October 21-24.

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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.

** HA SRRC indicators are expressed 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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코멘트:
(ETHBTC 1W chart)

[Example of exchange chart setup]

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www.tradingview.com/x/S94aDxa8

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