Is this just a temporary pump-and-dump-style blip? Or is this the begging of a Bullish reversal? Especially if it breaches res?
Strong price action on bullish candle - stoch reversing - Need to close above 810 for ETHCAD / 635 ETHUSD
Hello Traders, In the early half of 2017, a bullish 5 Wave took ETH to all-time high of 587 CAD on 2017-06-12. Since then, ETHCAD is trapped inside a triangle consolidation. This type of consolidation is usually a continuation pattern, so we may get a new high in 3~6 month. As the triangle narrows, the next bottom for ETH would be near 320~290 CAD. It will be...
ichimoku showing close to bullish...pink lagging indicator needs to barely rise above price, so flat to moderate up will bring it there. Blue Tenkansen is amidst price and cloud but after a day it should be above the cloud. Only problem is brown Kijun sen is below cloud and below price, but a little bullishness will easily bring it above cloud, upon which we...
Look for the break to the upside with price target indicated.
Looks to be overbought, look to buy on the previous support line, or even test at a new low
Folks, I cannot be cleared, the candles don't lie, it's gonna blow to 350 in no time. if your money ain't in it you gonna cry tears of sorrow. China is looming, there's less than 17 hrs left until they are in the market.
A healthy retreat before the mayhem errupts, don't forget china is on the horizon with one of its major platforms to release ETH, that will drive big volumes! now, to the technicals, a slight retreat to the ~265 before the next runup, the RSI looks healthy enough to retreat for 50%. the stars align for Wednesday's breakout right at the cross of major support from...
With the news that China soon to start trading #ETH as of beginning of July 1st it's no surprise that the stars start to align, looking a the technicals; the support line crosses with resistance ~ wed. which should be a great fuel for next breakout. We just need that RSI to come down below %50 for extra assurance and volumes would start rolling in real quick!
Looks like correction turned to upside after a classic cup and handle, another indicator that we may be approaching another rally; confirmed by positive momentum on MACD and RSI is above 50%. Another big indicator is the crossing of the 52 day SMA, we should see a little bounce around the SMA before a potential breakout.