Giorgioversace
Long

Ether's "Hope: a recovery is possible"?

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
Lots of similarities in the structure and cycle type of pattern on the weekly chart, i found it interesting for study purposes.
Even Rsi is very similar as a possible confirmation.
Yes it could be the buy opportunity of the decade for Ether, but it is a very risky bet, stop loss needed or no hesitation to manually sell if plan fails, don't get attached to your coins.

3Day candle chart confirms the same behaviour with Ether starting to (possibly) reaccumulate right below the blue MA


Take care
In the right chart the bull run lasted from mid January 2011 to mid November 2011 about 300 days and the recovery from mid April 11 to mid June 11, so about 150 days. Do you think for ETH now it will be the same ratio? Then the next bull run would start mid April 2020...
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out