hi guys
as you can see in ETH (Ethereum) chart , value is in an important phase and it likely is going to cover up the previous decline from 4 months ago.
notice how in recent days majority of Altcoins have risen in value but ETH hasn't reacted to this positive trend of market.
I am optimistic to buy ETH and as you can see in 1 daily timeframe, MACD phase has been positive and MACD line has crossed signal line,which is the reason for the change in the trend . it is expected that the value ultimately drops to 0.036 and touch the uptrend line and after that the opposite trend will occur. I am going to share my reasoning with you.
1_The value approaching the important and valid uptrend line
2- The value nearing the supporting line, which has already crossed the uptrend line, increases its validity.
3- After the formation of the Gartley harmonic patterns (bullish), the trend becomes positive
4_If you closely examine the end of the chart, a positive regular divergence has occured which I've highlighted in blue and I predict the divergence bound to continue for a longer period of time
In case the price comes back and tends to begin an uptrend, I have highlighted the resistance regions in red, although it may not be exact. If the uptrend occurs, I will post an analysis for resistance regions and the ETH chart behaviour
as you know the market is unpredictable so don't rush your purchases and wait for a positive price reaction. Do not make decisions based on feelings and assumptions to prevent losses.
wait for the formation of doji candle, hammer candle, or the break of the downtrend in RSI etc.
I will be happy to hear your thoughts about this analysis in the comments.
Don't forget to follow my page. Good luck
as you can see in ETH (Ethereum) chart , value is in an important phase and it likely is going to cover up the previous decline from 4 months ago.
notice how in recent days majority of Altcoins have risen in value but ETH hasn't reacted to this positive trend of market.
I am optimistic to buy ETH and as you can see in 1 daily timeframe, MACD phase has been positive and MACD line has crossed signal line,which is the reason for the change in the trend . it is expected that the value ultimately drops to 0.036 and touch the uptrend line and after that the opposite trend will occur. I am going to share my reasoning with you.
1_The value approaching the important and valid uptrend line
2- The value nearing the supporting line, which has already crossed the uptrend line, increases its validity.
3- After the formation of the Gartley harmonic patterns (bullish), the trend becomes positive
4_If you closely examine the end of the chart, a positive regular divergence has occured which I've highlighted in blue and I predict the divergence bound to continue for a longer period of time
In case the price comes back and tends to begin an uptrend, I have highlighted the resistance regions in red, although it may not be exact. If the uptrend occurs, I will post an analysis for resistance regions and the ETH chart behaviour
as you know the market is unpredictable so don't rush your purchases and wait for a positive price reaction. Do not make decisions based on feelings and assumptions to prevent losses.
wait for the formation of doji candle, hammer candle, or the break of the downtrend in RSI etc.
I will be happy to hear your thoughts about this analysis in the comments.
Don't forget to follow my page. Good luck