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Ethereum (ETH) - October 13

BITFINEX:ETHUSD   Ethereum
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Around October 13 (October 12-14), I touched the 390.0 point, an important point.

You need to see if you can get support at the uptrend line (5) and move above the 390.0 point.

Since we're in a position with nowhere to retreat, I think it's paramount to get support at the uptrend line (5).

If you fall from the uptrend line (5) and touch the 371.0 point, I think you need to trade to preserve the profit and loss.

If you break through the downtrend line (9), I think there is a high possibility of an upside to challenge the 502.66 point.

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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.

[Example of exchange chart setup]

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

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