Ethereum even more bullish than bitcoin!!
Hey there,
So Ethereum has really shown strength in the last few days,
especially in this current consolidation. ETH has gained more than BTC
in price lately and with the current bearish position of the Bitcoin Dominance chart,
we could see ETH gain momentum over BTC.
Take a close look at the factors desplayed on the chart and the text besides the arrows.
Many signs are signaling bullish entries for the intermidiate term future,
although I won't give you any specific instructions on what to do.
Ethereum retested its 200D EMA perfectly and that is where I also got filled.
I am currently look for ETH break its latest high, to then see follow through to
~224USD where next resistance is likely. We also are currently sitting at key resistance,
so if it is broken bullishly and with a close of candle, long orders can be set around that level
for retest in the near future (similar to 200D retest).
RSI is showing a ascending triangle on the daily chart which also signals bullishness.
TI Indicator is sitting at a green 1 with a 9 sell the day befor. Since the 9 sell didn't see
follow through to the downside, I am looking for a green 2 above a green 1 to give confirmation
for a long entry into resistance.
All in all looking rather bullish, with plently of room to the upside and very less resistance up above.
Check out my YouTube channel: Enlightened Trading
if you want some closer information and regular updates on crypto and the stock market.
Also follow me on Tradingview if you don't want to miss out on trades like the retest of the 200D EMA.
Follow me on instagram: @enlightened_trading_
Cheers,
Konrad
So Ethereum has really shown strength in the last few days,
especially in this current consolidation. ETH has gained more than BTC
in price lately and with the current bearish position of the Bitcoin Dominance chart,
we could see ETH gain momentum over BTC.
Take a close look at the factors desplayed on the chart and the text besides the arrows.
Many signs are signaling bullish entries for the intermidiate term future,
although I won't give you any specific instructions on what to do.
Ethereum retested its 200D EMA perfectly and that is where I also got filled.
I am currently look for ETH break its latest high, to then see follow through to
~224USD where next resistance is likely. We also are currently sitting at key resistance,
so if it is broken bullishly and with a close of candle, long orders can be set around that level
for retest in the near future (similar to 200D retest).
RSI is showing a ascending triangle on the daily chart which also signals bullishness.
TI Indicator is sitting at a green 1 with a 9 sell the day befor. Since the 9 sell didn't see
follow through to the downside, I am looking for a green 2 above a green 1 to give confirmation
for a long entry into resistance.
All in all looking rather bullish, with plently of room to the upside and very less resistance up above.
Check out my YouTube channel: Enlightened Trading
if you want some closer information and regular updates on crypto and the stock market.
Also follow me on Tradingview if you don't want to miss out on trades like the retest of the 200D EMA.
Follow me on instagram: @enlightened_trading_
Cheers,
Konrad
Comment:
Well I was right I guess
