ETHEREUM - BULLS ARE GORING THEIR WAY UP! What's Happening Next?
Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
Ethereum Bulls have pushed higher since they broke out of the Red Resistance Extended Trend Line which now brought Ethereum above the 12 and 21MA.
Currently, Ethereum is facing the 38.2% Fib level and will rendezvous with the 50MA which could now reject Ethereum and initiate its first retracement possibly towards the 12MA.
If Ethereum manages to push out of both its 50MA then the next Fib level of expected price target would be at the 50% Fib @ $3513 and the dashed orange lines corresponding to the previous support level on the 4th and 30th of Dec. 2021, price targets - $3575 and $3585.
Stoch RSI (1Wk): Oversold Region, about to cross level 20. More potential upside price action.
MACD: Momentum is towards the upside, and if Ethereum pushes higher then the MACD could cross the Zero Level.
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
Ethereum Bulls have pushed higher since they broke out of the Red Resistance Extended Trend Line which now brought Ethereum above the 12 and 21MA.
Currently, Ethereum is facing the 38.2% Fib level and will rendezvous with the 50MA which could now reject Ethereum and initiate its first retracement possibly towards the 12MA.
If Ethereum manages to push out of both its 50MA then the next Fib level of expected price target would be at the 50% Fib @ $3513 and the dashed orange lines corresponding to the previous support level on the 4th and 30th of Dec. 2021, price targets - $3575 and $3585.
Stoch RSI (1Wk): Oversold Region, about to cross level 20. More potential upside price action.
MACD: Momentum is towards the upside, and if Ethereum pushes higher then the MACD could cross the Zero Level.
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
