** 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 must trade from a short-term investment perspective.)
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(Bitfinex ETHUSD 1D Chart) It remains to be seen if it can rise along the short-term uptrend line (4). You also need to make sure you can get support at 502.66-510.30.
It remains to be seen if there is any movement outside the 488.85-551.19 range due to volatility around December 4th.
If it falls below the 488.85 point, there is a high likelihood that a trend shift will begin, so careful trading is necessary.
If it rises above the 566.92 point, further gains are expected to break above the uptrend line (3) and rise above the 700.0 point.
If it goes down, it is expected to touch the uptrend line (1) or 391.22.