ok i think its enough with lots of complicated indicators and Let's just take a simple look
in this past 1 week ethereum had a lot of bullish moves...most people couldn't believe what just happened.
this is the nature of crypto to being unpredictable..
so i decided to put this chart on my account and share my opinion with you guys
i think ETH doesnt have enough time to pass 400 because of this channel so if eth don't go upward and don't touch 400 again it can fall again so if we just look at MACD and RSI and SAR (my favorite one) i think 2 scenario will happen:
1: this is a powerful ascending channel and these 3 indicators in 2h, all are saying that we have a good potential for a great upward movement..and it can be happen in next 4 to 16 hours..i cant promise it will pass 400-407 resistance but i know it possible.we will touch powerful 400-407 for the second time in this week and we fall on the channel floor or lower on 355 for second time.that will be a risky place for eth in that area.
2:another scenario is that we will pass 400-407 and reach 420 successful i like this scenario better but you know we cant always guess right.
in this past 1 week ethereum had a lot of bullish moves...most people couldn't believe what just happened.
this is the nature of crypto to being unpredictable..
so i decided to put this chart on my account and share my opinion with you guys
i think ETH doesnt have enough time to pass 400 because of this channel so if eth don't go upward and don't touch 400 again it can fall again so if we just look at MACD and RSI and SAR (my favorite one) i think 2 scenario will happen:
1: this is a powerful ascending channel and these 3 indicators in 2h, all are saying that we have a good potential for a great upward movement..and it can be happen in next 4 to 16 hours..i cant promise it will pass 400-407 resistance but i know it possible.we will touch powerful 400-407 for the second time in this week and we fall on the channel floor or lower on 355 for second time.that will be a risky place for eth in that area.
2:another scenario is that we will pass 400-407 and reach 420 successful i like this scenario better but you know we cant always guess right.