Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETH).
The chart is self-explanatory. Ethereum price recently broke down from a Rising Channel inside the Rising Wedge it is currently in. The target move brings the price down to the 0.382 Fibonacci Retracement area. The RSI is currently meeting the resistance line and the Stoch RSI looks like it may be moving back down. Volume has been consistent. In the short-term there may be more downward pressure for Ethereum.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
The chart is self-explanatory. Ethereum price recently broke down from a Rising Channel inside the Rising Wedge it is currently in. The target move brings the price down to the 0.382 Fibonacci Retracement area. The RSI is currently meeting the resistance line and the Stoch RSI looks like it may be moving back down. Volume has been consistent. In the short-term there may be more downward pressure for Ethereum.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Comment:
Well this may be playing out as discussed. Let's see.
Comment:
Coming close to my support box. Let's see if it holds there.
I chart on Tradingview: www.tradingview.com/symbols/BTCUSD/?aff_id=25106
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19
I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
