Hey there,
please support this idea with your likes and follow me on TV if you don't want to miss out!
Take a close look at this chart and what is written on it.
Ethereum is currently being rejected my the 1004h MA and price is now being squeezed
between the 100 and 2004h MA. We are going to have a deathcross of the 2 moving averages
shortly, so we will see if this is going to have an impact on price.
Since the 2004h is ascending and only the 100 is declining, I wouldn't put too much emphasis on this signal.
250 seems to provide strong resistance with multiple factors in play, such as Setup-trendline of the
TI Indicator, 0.5 fib, structural support in the past, and psychological round number.
For now we have a big hurdle to get over with price now sitting at key structural resistance from the
consolidation at the top.
Luckily for Ethereums price, we are now forming a 4h bullflag and if this day closes around the current vacinity
then this could send ETH into 250USD.
Ok so as I am writing this we are breaking over the bull flags resistance, so now the 1004h is the next hurdle, which
we are now sitting on.
Exciting times and many trading opportunities currently, take your chances and play wisely!
Thanks and cheers,
Konrad
please support this idea with your likes and follow me on TV if you don't want to miss out!
Take a close look at this chart and what is written on it.
Ethereum is currently being rejected my the 1004h MA and price is now being squeezed
between the 100 and 2004h MA. We are going to have a deathcross of the 2 moving averages
shortly, so we will see if this is going to have an impact on price.
Since the 2004h is ascending and only the 100 is declining, I wouldn't put too much emphasis on this signal.
250 seems to provide strong resistance with multiple factors in play, such as Setup-trendline of the
TI Indicator, 0.5 fib, structural support in the past, and psychological round number.
For now we have a big hurdle to get over with price now sitting at key structural resistance from the
consolidation at the top.
Luckily for Ethereums price, we are now forming a 4h bullflag and if this day closes around the current vacinity
then this could send ETH into 250USD.
Ok so as I am writing this we are breaking over the bull flags resistance, so now the 1004h is the next hurdle, which
we are now sitting on.
Exciting times and many trading opportunities currently, take your chances and play wisely!
Thanks and cheers,
Konrad
