Bitcoin is currently in an ascending correction which is often a reversal pattern. Wave E finishes nicely at 50K which a lot of people will be looking at. Watch for bearish rejection at 50K which could take us back to either 42K or even 35K (where we have the CME gap).
ETHUSDT - Intraday - We look to Sell at 2988 (stop at 3112)
Trading close to the psychological 3000 level.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Short term bias is mildly bullish.
Our profit targets will be 2612 and 2512
Resistance: 2900 / 3000 / 3200
Support: 2800 / 2600 / 2400
HEAD AND SHOULDER FORMATION
Stoploss below neckline
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
Although the crypto market has gone bearish, it is what I expected especially when they say the golden cross or the halving is in the picture.
It mean jack to me and in the past, it has proven to be the case where they did drop in price for the short term and that's what we are interested as traders.
The moving averages are in my opinion useful only on...
In 2Day Chart,Ether has Recently Broken the Falling Wedge & Now Bouncing Up.
Buying Volume is Incredible & Major indicators Are Also HOT, (Bullish)
Key Resistance Levels Are Mentioned in Chart..
In Daily Chart, It's Forming Descending Channel & Almost Ready for Breakout as...