Speedfans, weighted average price and fib. Would be best to short it before it breaks any major resistance. We may have a breakout. My suggestion is to short to hedge and then to add longs if it breaks any resistance in the chart.
Hello traders,
We're again near the latest ATH, as BTCUSD and ETHUSD. In the case of ETHEUR, the psychological resistance would be 1600 EUR.
As described on previous analysis, the flat top triangle (blue) which goes from mid January to early February would signal that prices would go up to 1613 EUR. However, a really disturbing ascending wedge (red polyline) has...
ETH on a macro scale looks pretty neutral to me. Had a nice run up from the 300's. Then a pull back from 800 in tangent with BTCs dump. Had a nice bounce off the 490 level. Would need to break above 540 for me to short term become bullish. My key reversal zone is from 605 to 618 mainly due to the order block and how price reacted with the level and how it reacted...
Lookin' to go LONG if it should break through and consolidate above the two blue bearish trendlines on a daily basis. After the breakout, consider that a pull back of long green candles back to the major FIB levels is very likely to happen.
PS: You could also think about shorting above 0.0119 with a stop loss at 0.0122
