Moointern

Ethereum Simple Chart Analyze / 4 Hours / Coinbase

Long
COINBASE:ETHUSD   Ethereum
Short Record
- Break Second Support Level and small re-test from 2830, Mar 18, 22
* 2711 second support line
* About -$50 retested / 2769 bottom.

- Break last re-testing line 2830, reach 2989, then re-test from 2989, Mar 19, 22
* Peak 2989
* About -$160 retested / 2820 bottom

- Break last peak 2989 with small retest, Mar 22, 22
* after touched 2830 support white line, it pumped again to 2950. After a small retest to 2880, it breaks the last peak and moves to over 3000 level.


Predictions

- Last Top Yellow Box
* Two Predictions
- Red Pattern
: If Ethereum gets retest from letter E, it will get support from the last top yellow box around 2930 ~ 2960. If it gets support, it will re-try to break 3000 level again. If it breaks 3000 Level, it will move sideways from the sell wall to 3000 Level. Therefore, around 2930 would be a great price to enter a Long position. Moreover, if it doesn't retest from 3000 Level, it would be great to increase the long position and stop until it reaches around the sell wall.
- Purple Pattern
It: Almost the same as the Red pattern, except don't break 3000 level and move sideways from 3000 to yellow top box.
* Green pattern
: If Ethereum breaks Yellow Top Box with a downtrend, it is possible to move down to last bottom 2830 and might change to an uptrend with strong support. 2830 is very important to price to maintain an uptrend. If Ethereum breaks 2830 with a downtrend, there will be a strong sell to move down to the second support line. Therefore, 2830 would be a great price to enter for a long position and wait until it reaches the 3000 level. Whenever it reaches 3000, stopping position would be more profitable than just holding. However, when it breaks 3000 without candle and can see strong buy volume, the holding would be great until it reaches the sell wall.

Disclaimer

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