Welcome everyone, hope you all are doing well. Let us look into another trading opportunity. Ethereum, one of the oldest project in crypto scene, doesn't need any introduction. Let's look into the daily chart: INDICATORS: After touching the bottom of $358 on 1st April, ETH started a new uptrend and has been trying to gain some upward momentum. Moving...
ETH is staging some kind of recovery. The Death Cross is looming on top but may not mean much. 450-459 is a SELL Zone for 415 as a Target. Any bounce to 510 Area is also a sell.
Position: Slightly Bullish. To be clear, I have been long since my martingale strategy worked out great and my average buy is at $533. If you are following me, I hope you got in and scooped up some of these prices as it fell and realized how effective employing a martingale strategy is. Were you panicking during the sell-off? I wasn't. Now we are in a great...
Chart update: We need 2 more things to happen to indicate a move to the upside. First, we need to break this short term trendline I put in green minor channel resistance at 525. 2. We need to break this 600 resistance zone. Once we break those we are will be targeting this 675-700 zone. The more I analyze, the more I like putting large orders down in the...
Today's BUY & Sell Zones for Ethereum, ETHUSD
The pretty same story as BTC. After H&S was formed the price went down and is currently is about to reach Fib 0.786 support level where can be a bounce back. Threats are the same as for BTC the price is at the edge of lower Bollinger line and red line of Ichi cloud is above the green line. However Stoch RSI and MACD are positive and in case of volume increase...
I am having a look at Ethereum vs Bitcoin today, it is important in these kind of market conditions to stay on track with trends vs BTC. Even though we are still bearish on the longer term, as well as new short term bearish signals, I would just like to point out the possibility of a massive cup and handle. Like I always state, no formation has a 100% success...