Here is a longer term perspective on Ethereum. The market has had a minor decline along with the bitcoin market after it got rejected by 0.382 fib level. It’s essential that the price breaks above it to give us bullish confirmation. If it’s not able to break upwards from the 0.382 fib level, it’s likely to test support zone at $500.00 - $530.00 and move lower.
In the chart above what is notable is that the price is sitting above of MA9, MA13 crossover and inside of the support zone while selling power is declining. This signals that the price wants to push higher and before it’s able to do so it needs to take 0.382 fib level down first.
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM -2.27% 0.78% in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr
In the chart above what is notable is that the price is sitting above of MA9, MA13 crossover and inside of the support zone while selling power is declining. This signals that the price wants to push higher and before it’s able to do so it needs to take 0.382 fib level down first.
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM -2.27% 0.78% in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr
Comment:
Posted earlier to my twitter on shorter term trade on ethereum as it was forming a bullish divergence and here it broke upwards.
