While BTC and BCH are struggling in their resistance zone, ETH finally had a healthy leap.
Bullish signals:
1) The current candlestick breathes some air out of the red cloud
2) Tenkan-sen crosses above Kijun-sen 17-Apr
3) Chinkou-span crosses above price on 19-Apr
We added Directional Movement indicator here.
+DI is going upwards and -DI is sinking which is a good sign for some bullish movement.
We modified the ADX level from the default value of 20 into 25 in order to let us know if it is trending. The answer is YES !!
Now everything shows some sort of bullish, and how far will it go?
Let's see the ichimoku analysis:
A resistance zone is found between 783.40 and 902.50
Please note that 697.8 was a S/R level according to chinkou-span. We put the blue star there, and 670.85 is also a strong support level.
Manage your stop loss efficiently.
Enjoy the bullish run.
Bullish signals:
1) The current candlestick breathes some air out of the red cloud
2) Tenkan-sen crosses above Kijun-sen 17-Apr
3) Chinkou-span crosses above price on 19-Apr
We added Directional Movement indicator here.
+DI is going upwards and -DI is sinking which is a good sign for some bullish movement.
We modified the ADX level from the default value of 20 into 25 in order to let us know if it is trending. The answer is YES !!
Now everything shows some sort of bullish, and how far will it go?
Let's see the ichimoku analysis:
A resistance zone is found between 783.40 and 902.50
Please note that 697.8 was a S/R level according to chinkou-span. We put the blue star there, and 670.85 is also a strong support level.
Manage your stop loss efficiently.
Enjoy the bullish run.
Trade closed: stop reached:
Pretty bad situation for ETH.
The blue star level was so strong to resist ETH going upward, and the 670.85 could not hold either.
The blue star level was so strong to resist ETH going upward, and the 670.85 could not hold either.
