ETHUSDhas come up nicely off of support; I was in a long position from ~130 based off the 3Day QRsi trend support here: However, I'm currently FLAT due to the massive interruption the 4H cloud brings to the rally. This particular 4H cloud path has proven it's strength, and price will need to push it's way through this level with energy left to clear the top...
After the candlestick fixation abroad the channel , buy with a target of 0.037.
The price has formed a candlestick fixation of the model "wedge" abroad. We recommend to buy with a target of 0.0368. Trading Plan assumes a small stop loss at 0.0322
- I apologize for the chart formatting, TradingView needs to add a preview button and allow chart manipulation during a preview stage. I'm using multiple monitors and the charts looks great until it gets published... I feel like any bearish sentiment will be wildly unpopular, however the technicals indicate that ETH may be on the brink of slipping into a bearish...
Chart is Heffae Clouds 4Hour (left) and 8Hour (right) I added arrows to highlight signals you may trade on with the cloud SnR paths. The "target" on the current 4H candle is the RealTime Additive, which is a trend indicator, and can act as resistance here if the trend is to continue down. The 8Hour has signaled a drop out of cloud bottom, which is bearish....
1. Bear market has surpress a lot of assets in this game, including Ethereum 2. ETH is one the most scalable until now, it's hard to replace them unless they are not fixing their problem 3. Most ICO selling their ETH, that makes other additional down ward pushes for ETH 4. Some of token on the Ethereum network changing lane and make their own network. To name a...