Ethereum is going well, no surprises here. This was a classical long trade (a very good one, in my opinion), because we saw a harami near 21 ema and near trendline, all together in a bullish trend (daily) with a nice risk/gain relationship. Check my previous analysis if you missed it. Now I’m going to quote myself in my last BTC analysis: “A bullish harami is a bullish reversal signal, and works almost randomly in normal circumstances, 53% of the time, accordingly to Bulkowski studies. But if a harami appears just near the 21 ema, and near a trendline, the odds increase, and the reversal is more likely.” Now it would be perfect if the price close above U$ 191.22. But we can expect some correction too, it would be nice for those who missed this opportunity. In any case, we should be aware of U$ 213.58, it’s an important challenge to ETH right now, as it is a fib retracement and was a support in the past (pink rectangle). The perfect target here is U$ 253, but I believe that’s going to take a while. Be patient and be safe.
@monicsss, Let's hope so. In any case, be safe my friend.
Good trades.
Silvuio7
⋅
I can see that major alts are declining against BTC .. we have also a strong resistance in total2 .. with the coming halving people will buy BTC instead of alts .. that's my opinion
Nathan_Black
⋅
@Silvuio7, Yes, I was thinking the same. Lets see how things are going to work out.