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Underlying:ETHUSD
Time frame:1D
What Has Happened So Far:
So we have realy just been trading sideways for most of the time. I did post the other day about the Bollinger Band range tightening but I did not think it would last this long so have had to update my charts, the end goal being the same still.
What am I Looking to Happen:
Longer term I am very bullish on the major crypto currencies. Right now the MACD has just crossed above the centre line which was one of our cases for the bullish view, so it is a bit more difficult now. However the Bollinger Bands are giving us some form of confirmation. Right now price is bouncing off the centre line (brown) and is starting to move upwards. I feel that over the coming days and maybe 1-2 weeks you will see a rally in Ethereum, back up to previous highs. In order to get there, we might need a crossover on the MACD EMA's so it can then push higher. I will keep updating on this one as I think it is qute important!
Target Profit:400.00
Stop Loss:0
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying:ETHUSD
Time frame:1D
What Has Happened So Far:
So we have realy just been trading sideways for most of the time. I did post the other day about the Bollinger Band range tightening but I did not think it would last this long so have had to update my charts, the end goal being the same still.
What am I Looking to Happen:
Longer term I am very bullish on the major crypto currencies. Right now the MACD has just crossed above the centre line which was one of our cases for the bullish view, so it is a bit more difficult now. However the Bollinger Bands are giving us some form of confirmation. Right now price is bouncing off the centre line (brown) and is starting to move upwards. I feel that over the coming days and maybe 1-2 weeks you will see a rally in Ethereum, back up to previous highs. In order to get there, we might need a crossover on the MACD EMA's so it can then push higher. I will keep updating on this one as I think it is qute important!
Target Profit:400.00
Stop Loss:0
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!