MagicPoopCannon

Ethereum Rips To The Upside, After Yesterday's Analysis! (ETH)

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Hi friends! Welcome to this update analysis on Ethereum! Let's get right to it!

Looking at the daily chart , you can see that ETH has EXPLODED to the upside, rising nearly 13% since yesterdays bullish analysis. As you can see, ETH is running into resistance at the red horizontal trendline , but could still print more upside. The only reason that I don't like the ETH chart as much as other charts like LTC, is because it's in this rising wedge pattern (in blue.) That's actually a bearish formation, but that doesn't mean that there isn't room for more upside. It's just something I don't think is very attractive about this chart. That is especially true when I compare it to the LTC, chart, which has no such formation. Regardless, ETH is definitely printing a strong bullish candle. At this point, one can only expect that Ethereum will test the top of the rising wedge , assuming it closes above the red horizontal resistance lines. Good luck trading everyone!

I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***

-JD-
Yeah, you were wrong.
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What is the name of this indicator with the red & green moving average bands? I really like it.
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Great Advise , can you advise what the indicator is that you are using in the above chart .many thanks
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Any chance you can fill us in on your thoughts on xrp? :)
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Jeandp stefanielizabeth
@stefanielizabeth, no shitcoin allowed
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Well .... this time you choose a right direction.... kinda a progress ! :)
+4 Reply
Made some real easy pocket change overnight on your ETH & LTC calls. Thanks a million as always brother.
+1 Reply
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