TradingView
Alrightdude
Mar 22, 2021 7:15 PM

ETHBTC Bullish for a move to 0.054 Long

BINANCE:ETHBTC1D
Ethereum / BitcoinBinance

Description

⋅
Technically we are bullish for a move up to 0.054 aslong as we are closing daily candle bodies above 0.029

For the next impulse to start we need a strong bullish momentum candle at this current level

If we close a daily candle below 0.029 we will most likely move to 0.025 and have a big bounce there to attempt an impulse

If we break 0.023 then i will get longterm bearish, but aslong as we are closing bodies above 0.023 im long term bullish from here

Comment

⋅
trade going well, stops to break even
Trend AnalysisETHBTCEthereum (Cryptocurrency)Bitcoin (Cryptocurrency)ETHBTCcryptoCryptocurrencyETHUSDBTCUSD
Comments
wesleybrett1
⋅
I'm looking at Range bar set to 3000R

What do I see
Seeing a strong 12 month uptrend
Recent 6 week down trend
MACD indicates there is more decline to come
MACD has previously preformed in waves of 22 bars
We are currently on MACD bar 14

What’s the reoccurring pattern
If downtrend continue at current rate, than at Bar 22 we could see a 0.027 price point
Previous MACD wave trend indicates a reversal at this point

Action
Trade BTC to ETH
Await ETH price to grow
Trade ETH back to ETH
wesleybrett1
⋅

More