nicolashuljich

$ETH/USD Technical Analysis 19.09.2021

COINBASE:ETHUSD   Ethereum
Blessings family of traders, may you are well and in peace, and hopefully having some nice profits today. I want to share you the potential of $ETH/USD according to Moon Trading strategy.

As we can see in the 1D chart, Ethereum broke out the resistance trend line of the inner green triangle quite smoothly, together with the green resistance level, at around $3450 ish and it closes at $3620. Every time these kind of triangles are broken, we calculate a projection of the possible next target for the price to reach, which in this case is very close to $3860, being a growth of %14.26.

However, for Ethereum to reach this growth, first has to break the red box resistance around that same target, which relates to the inner triangle.

We also have a major golden triangle in which Ethereum made a higher local high and low inside the triangle, being this quite a bullish pattern. Even though, right now the daily candlestick closed under the green box support, being now its resistance. Still, this is a higher local low, from which we need to see it coming back above the green box resistance making it again its support.

Once and if this is achieved, the next target considering the golden triangle pattern, would it be an expected growth of %26,76, being around $4336. But, can this actually happen with the current trend? To answer this very important question, we need to evaluate the average minimum and maximum % of growth for the past months between the Full Moon (this time 20th of September) and the New Moon (next will be 6th of October) which it is 14 daily candlestick from now. Quite a nice room for Ethereum to grow.

The minimum average growth per month between Full Moon and New Moon for Ethereum is a total of %36.16, and a maximum of %93.78. According to this understanding, we are quite below the minimum average of growth for this period, being very good news, taking into consideration that this means we have a greater chance to reach not only the first target of the inner smaller triangle, but also that of the outer bigger one.

Right now, MACD + RSI didn't show us a buy signal, this is when the blue line crosses the red line up. Till this signal, it could be better to wait before buying, unless you want to directly buy now because you think that won't go slower than this. I bough a couple of days ago, so even with the current fall I am in profits. Why did I buy before the Full Moon, being this the cheapest day to buy? Because in my experience doing Moon Trading, prices usually are cheaper between 2 to 3 days before the day per se.

Keep an eye on it and let's make some nice profits with this amazing Moon Trading strategy! And remember to share this information so many more souls could become financially free and live a purposeful life!

This is not financial advice but for educational purposes only. Always do your own diligent research.

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