These are my thoughts on ETHE. They are meant to give you an idea, not trading advice.
So we saw a big rally in ETHE, I do was expecting this to go higher. Too bad.
But a correction is inevitable, and will tell us a lot about the future of this market.
- We just had a big capitulation volume spike which could mean the bottom of this correction is in.
- RSI is still on the strong side.
If it can somehow manage to pick it up here, the correction could be over.
But Looking at the massive selloff in the last 2 weeks, I think we will needs some consolidation which could take a couple of months, like we saw after the previous spikes. Early-mid 2021 seems like the takeoff.
I will update this since I'm still holding my position.
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
So we saw a big rally in ETHE, I do was expecting this to go higher. Too bad.
But a correction is inevitable, and will tell us a lot about the future of this market.
- We just had a big capitulation volume spike which could mean the bottom of this correction is in.
- RSI is still on the strong side.
If it can somehow manage to pick it up here, the correction could be over.
But Looking at the massive selloff in the last 2 weeks, I think we will needs some consolidation which could take a couple of months, like we saw after the previous spikes. Early-mid 2021 seems like the takeoff.
I will update this since I'm still holding my position.
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
Comment:
making things a bit more clear. I deleted the wicks. This is real price action. You can see ETHE is setting higher lows and higher highs here.
Comment:
if you look at this monthly chart, it's clear as day this is a bulls game.
Comment:
just a thought, don't take this to serious right now, but consider it when it's starts to move.
Comment:
Here's another comparison.
Comment:
If bulls can hold these levels, we're in for a treat.
But please don't stare yourself blind at this analysis.
But please don't stare yourself blind at this analysis.
Comment:
Best thing to do is to wait for the chart to give us more info, at this moment this is the scenario i'm hoping for, but we all know you can't always get what you want.
Comment:
Was just thinking to myself; this baby needs to hold. And there it was.
