Hello Traders,
We are going to talk about ETHUSD today. Lets get straight to the chart.
According to the chart above, we can see how ETHUSD is in a falling wedge currently on a 1D chart. According to me we should see a dip to around 470 before we move back up.
Since RSI is pointing downwards, the price will most likely touch the falling wedge support, and then bounce back up.
Best to enter would be when we see a bounce after it hits the support.
Remember though, if a signal is the key hole, doing your own research on it is its key to open the door. It is very important, to learn from all the charts out there and try and implement a trade on your own. Because remember you are here to make money on your own rather than depending on others.
I will keep updating this chart as and when needed.
If you have any questions you can post it below, or join our community forums website, or telegram channel.
Happy Trading everyone!
We are going to talk about ETHUSD today. Lets get straight to the chart.
According to the chart above, we can see how ETHUSD is in a falling wedge currently on a 1D chart. According to me we should see a dip to around 470 before we move back up.
Since RSI is pointing downwards, the price will most likely touch the falling wedge support, and then bounce back up.
Best to enter would be when we see a bounce after it hits the support.
Remember though, if a signal is the key hole, doing your own research on it is its key to open the door. It is very important, to learn from all the charts out there and try and implement a trade on your own. Because remember you are here to make money on your own rather than depending on others.
I will keep updating this chart as and when needed.
If you have any questions you can post it below, or join our community forums website, or telegram channel.
Happy Trading everyone!
Comment:
ETHBTC is currently at a good support. Right on our falling wedge support line. If we bounce from here, which is more likely to happen, the next closest target would be 520 in a few days.
Comment:
I meant ETHUSD*