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Andbcoin

ETH could climb higher than previous top.

Long
Ethereum / Euro (KRAKEN:ETHEUR)  
Andbcoin Updated   
KRAKEN:ETHEUR   Ethereum / Euro
Technical Indicators Beyond Technical Analysis Trend Analysis ETH Ethereum (Cryptocurrency) ethereumeuro ethereumdollar ethereumusd ETHEUR BTC Bitcoin (Cryptocurrency)
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indicator beyondta trendanalysis eth ethereum ethereumeuro ethereumdollar ethereumusd etheur btc bitcoin
I can see MACD is still above the 0 line and turning up.
Stoch RSI is so oversold and price bouncing off the lower band of Bollinger Bands.
It could indicate an imminent uptrend.

This is just an idea. I'm not responsible of your decisions.

=)
Comment:
4h has broken the triangle formed in the consolidation area.

If it keeps going up according to what I think it will happen next days, this is the path ETH will follow (white flags are the targets)

snapshot
Comment:
After the attempt to go further up, MA 20 has acted as resistance and went down again.
Also, the fact that BTC was in a downtrend made ETH go back down again as soon as people started selling their BTC.

That's the reason why a Stop Loss is always needed. The trend doesn't always go to the direction people thought at the beginning.

Cheers.
Comment:
Comment:
It's sad to say this, but this change in tendency is due to Coronavirus, what would mean BTC is not a store of value. BUT, when it decides to bounce because whales and then fish start buying, it will be amazing.
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