We can see a nice bulltrend on ETHEREUM vs USD pair. The global support trendline it's still holding and also we have the really strong support from 200MA weekly. RSI bounced from 40(which means,ETH it's bullish). The sell volume going down and probably soon(few weeks) the buyers will appear(green candles).
Don't forget,ETH 2.0 coming in January 2020 and in May...
Exchange : Binance
Buy Zone: 0.022 ~ 0.0215
Target Point: 0.0239 / 0.0253/ 0.0268/ 0.029/ 0.032
Risk: MIDDLE - HIGH
It`s making Bullish Pennant and The Volume is slowly down
The chart and RSI are similar in shape, especially support line is the same
When the price of BTC is down, ETH used to be used for...
I do believe it might be the bottom also think it may take some time to consolidate here ( week, month or maybe two months ? ) but if thats the case better alcoin days are coming. Looks like it might be good time to start accumulate ...
Bullish scenario will be cancelled with two consecutive daily close below 0,0185
Not looking bearish at all since we reached the lows back in Dec. If we manage to break and close above white box, I could imagine R1, maybe R2 getting tested depending on the strength of the move. Everything is dependent on $BTC here.
To play it safe, you could wait for a candle close above white box on the daily/12H/4H depending on how you wait for...
Since Ethereum has been surging over the last few hours, let’s go ahead and check out its price action to see what may be next for investors.
The first thing that we can observe on the price chart for Ethereum on the daily resolution is that the EMA-200 (purple line) is looming directly overhead to serve as a resistance...
Ethereum should be seeing a move up to retest that bearish orderblock which sent it down to this range.
This setup is only viable IF we break above that small block we're pushing against right now.
So the strategy is:
1) wait for the break
2) enter on retest of support
3) stop below previous low
4) pray to Vitalik at the start of each candle until the price hits our goal