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CryptoAlkaline
May 5, 2021 8:36 AM

ETHEREUM (ETH) ALGORITHMIC MANIPULATION 

Ether / United States DollarCoinbase

Description

Good morning, Alkalites! Today we are starting with slightly green watchlists. There is not too much to see today, as most of our long term orders have been placed. We are waiting until more tokens from our watchlist become favourable to enter in.

This morning we have seen ETH making a wedge, probably formed by algorithms battle with EMAs. Today's levels are based on algorithmic volume, as low-frequency buyers won't probably place orders near the recent all-time high.
If ETH breaks above them, we could see more growth in the short term. If not, remember this is not a recommendation for you to sell or to place shorts, as we believe this ETH will perform well in the long term.


Stay tuned on updates like these in our FREE CHANNEL in Telegram!
Have a great Tuesday, Alkalites!

Comment

It aged well. Again.
Comments
AlkalineFX
SPOT ON!!
CryptoAlkaline
@AlkalineFX, Ride them ;)
belindajones069
Thanks heaps for the input!! I want to get into ETH but I think I've missed my opportunity... I can only afford 1 coin for now but would build on it:-) entry price non financial advice anyone?? if anyone can please give me their opinion in Australian dollars even better :-)
CryptoAlkaline
@belindajones069, Hey Belinda! Glad you find this useful! If you want to receive daily updates like this, and a community to chat, you can join our Telegram Crypto Channel that you will find in my profile. Welcome Alkalite!
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