ETHUSDT at an ATH, Is it the top or we got more to see ?
ETHUSDT analysis on 4H timeframe, with three EMA's 20, 50 and 200.
These three EMA's have crossed over, which shows a bullish momentum.
Ethereum achieved an ATH at $4370 recently. It has an immediate support level at about $4000 and if it holds this level, it's going to see another ATH soon. On the other hand, if this support breaks it could see a downward movement till support1 which is at $3870.
RSI is once again trying to reach the overbought zone, and stay there for a while if it sees a good volume.
If it holds the immediate support level, it is a good place to buy on spot or go long on your futures exchanges.
Always DYOR, use good risk management for your trades.
For more trading ideas, Follow Us and Visit Tuned if you want to learn how to create automated trading strategies
Happy Trading
These three EMA's have crossed over, which shows a bullish momentum.
Ethereum achieved an ATH at $4370 recently. It has an immediate support level at about $4000 and if it holds this level, it's going to see another ATH soon. On the other hand, if this support breaks it could see a downward movement till support1 which is at $3870.
RSI is once again trying to reach the overbought zone, and stay there for a while if it sees a good volume.
If it holds the immediate support level, it is a good place to buy on spot or go long on your futures exchanges.
Always DYOR, use good risk management for your trades.
For more trading ideas, Follow Us and Visit Tuned if you want to learn how to create automated trading strategies
Happy Trading