I apologize in advance for my poor English.
Ethereum has recently completed its last corrective wave (wave C) , it also touched the bottom of its descending channel, the price reaction to the bottom of the descending channel was excellent and immediately followed by a long shadow from the buyers. has shown strong support.
The RSI indicator only shows the number 23, while at the bottom of the channel, this indicator reached the number 6! I can't believe this is not a trap to empty my and your pockets.
So, in my opinion the price will grow at least to the area I have specified and the price will at least hit MA 200 in daily chart . In addition, the 200-week moving average, which is a very strong support, is located in the $1,625 area, which greatly reduces the risk .
Therefore, my mid-term view of this coin is strongly bullish.
Ethereum has recently completed its last corrective wave (wave C) , it also touched the bottom of its descending channel, the price reaction to the bottom of the descending channel was excellent and immediately followed by a long shadow from the buyers. has shown strong support.
The RSI indicator only shows the number 23, while at the bottom of the channel, this indicator reached the number 6! I can't believe this is not a trap to empty my and your pockets.
So, in my opinion the price will grow at least to the area I have specified and the price will at least hit MA 200 in daily chart . In addition, the 200-week moving average, which is a very strong support, is located in the $1,625 area, which greatly reduces the risk .
Therefore, my mid-term view of this coin is strongly bullish.
Comment:
double bottom has shaped in 4hours chart with divergence , it will pomp soon , just after 1700$ breaks
Comment:
What exactly needs to happen for most people to become buyers? Those who were in a hurry to buy at the peak of Bitcoin and Ethereum, now that we are at major support and the price has discounted them tremendously, they are selling their assets instead of buying, I imagine a bullish move before the main drop. A correction is formed and for the reasons I have already said, this is a buying opportunity with a low loss and can have a lot of profit.
Comment:
it could rise about 1800
but I closed and look for short position
but I closed and look for short position