I thought this may help.
Parallel Ethereum up channel shown, while price remains above the "control line" dotted blue centre line, bulls are in charge, as per classical technical analysis. If price moves below control line, bears have more control. Bulls firmly in control here. Trade positioning is dip buying and holding.
Green lines and zones are support. Stop losses can be placed accordingly depending on the timeframe your trading in.
Please also see post here and yesterday on my page showing biases towards current parabolic move (weekly timeframe) on ETH to $3000.
Parallel Ethereum up channel shown, while price remains above the "control line" dotted blue centre line, bulls are in charge, as per classical technical analysis. If price moves below control line, bears have more control. Bulls firmly in control here. Trade positioning is dip buying and holding.
Green lines and zones are support. Stop losses can be placed accordingly depending on the timeframe your trading in.
Please also see post here and yesterday on my page showing biases towards current parabolic move (weekly timeframe) on ETH to $3000.
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Add to eth longs
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.