This is a timeframe that probably most don't look at...
Let's zoom out on ethereum and take a look at a 2 month timeframe.
We are seeing heavy compression as the candles start to squeeze to try and shift green for the first time since the middle of 2018. Plus notice as the ema dots begin to fire green and align, positive signs.
Larger timeframes like this can really show you where major trends start to develop, this could be money.
But we wont see it close till July 1st.
My main focus on the timeframes like the weekly and 2 week is we want to breach into the 300s and I believe that is where we clear a lot of old Resistance and begin to run up. Currently we sit at 221.
Everyone is anticipating a bullrun and alt season. If we can get this sentiment to shift on our top market coins we should see the market begin to really flow into a new season for cryptocurrency.
Very interesting to watch these massive trends shift. Goes to show you that if you're patient you will be rewarded.
We still got some Resistance to battle and we can continue to play the edge breakouts on the lower timeframes that I spoke about above.
Will share some smaller timeframe patterns below.
Best of luck, enjoy!
🥇MLT | MAJOR LEAGUE TRADER
Let's zoom out on ethereum and take a look at a 2 month timeframe.
We are seeing heavy compression as the candles start to squeeze to try and shift green for the first time since the middle of 2018. Plus notice as the ema dots begin to fire green and align, positive signs.
Larger timeframes like this can really show you where major trends start to develop, this could be money.
But we wont see it close till July 1st.
My main focus on the timeframes like the weekly and 2 week is we want to breach into the 300s and I believe that is where we clear a lot of old Resistance and begin to run up. Currently we sit at 221.
Everyone is anticipating a bullrun and alt season. If we can get this sentiment to shift on our top market coins we should see the market begin to really flow into a new season for cryptocurrency.
Very interesting to watch these massive trends shift. Goes to show you that if you're patient you will be rewarded.
We still got some Resistance to battle and we can continue to play the edge breakouts on the lower timeframes that I spoke about above.
Will share some smaller timeframe patterns below.
Best of luck, enjoy!
🥇MLT | MAJOR LEAGUE TRADER
Comment:
monthly compression
Comment:
2week strikes Resistance
Comment:
We use these timeframes to spot the early breakouts for the long term plays
