readCrypto

Ethereum (ETH) - November 9

BINANCE:ETHUSDT   Ethereum / TetherUS
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(ETHBTC 1W chart)
High point section: 0.080311-0.089490
Support section: 0.057192-0.067660

The key is whether they can quickly move above 0.072484 and sustain the price.

If not, it is necessary to check that the support section is supported.

ETHBTC is still on the uptrend, so it's still in good shape.

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(ETHUSDT 1W Chart)
Resistance section: 1622.46-1879.61
Support section: 924.52-1196.81

With the HA-Low indicator forming at the 1340.12 point, the key is whether the price can sustain above 1340.12.

If it quickly rises above 1340.12 and maintains the price, I think it is highly likely to continue to drive the coin market.


(1D chart)
BTC prices have all fallen in important segments, creating new lows.

This trend is likely to be caused by the decline in BTC dominance.

So, the next most reliable thing after BTC is ETH.

Since ETH is still at an important point or section, if it shows support, it is highly likely to lead the coin market.

To do this, it is necessary to confirm the support in the vicinity of the 1320.46-1340.12 section, which is the HA-Low index section.



In that case, it is expected that the price of altcoins will recover somewhat quickly.

However, it must be confirmed that BTC or ETH is supported at important points or sections.

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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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[Example of exchange chart setup]

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

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