Today let's refresh our thoughts a bit, after all, it's been half a year)
In recent days, the Algousd chart has recorded abnormally high trading volumes. What is important, these volumes were recorded on the breakdown of all the highs of 2021, which is a strong bullish signal.
Maybe there was some strong news that caused such a rush of trading volumes around...
ooking at the chart on the four-hour time frame, we see that when we set the Fibonacci retracement level, Ethereum tests 50.0% to $ 1665, and the moving averages MA200 and EMA200, which determine the longer-term trend. To continue the bullish trend, we need a break above the other moving averages MA20, EMA20, and MA50. We already had a jump above the Fibonacci...
ETHUSD has bounced of this support with multiple rejections and has now formed a series of higher highs into an area of resistance, forming this nice ascending triangle i can also see a inverted head and shoulders on the 4hr timeframe... if we break above resistance price is going to see 2000 +
EHTUSDT is moving According our Analysis from last few days. And now this has Crossed a strong Support line in daily chart and now that is working as resistance line it has maximum Chances that It will touch the Price level 450.
Keep in touch we will update further soon.
Good weekend traders,
This is an update to my previous idea given below.
Things are going according to plan.
- If you entered around 236-237 you would be up by 23.2% (ROE) by now
- We missed T1 by 5 cents! (247 vs 246.95)
- But the trade is still active and expecting a small retrace before the uptrend continues
- Good news is that we have cleared the Kumo...
There is strong divergence on MACD. MACD Movings average is close to cross uptrend.
Brief trade view:
1st BUY - 145$
2nd BUY - 143$
STOP LOSS under 142.5$
Target 158-160$
Hello Friends!
ETHUSD broke through the resistance line, pushing from a strong support level of 166.
Now the price is at the resistance level of 182, but I assume that there will be a break of this level and a rollback to it.
After the rollback, we go into purchases with a goal to level 194
Feel free to write your opinion about ETHUSD in the comments
Ether hit strong resistance in the 255 zone.
I had been scalping ETH on the way up , including per this plan:
Now expecting a more serious pullback for possible larger buy entries
