The chart shows a retest of the 38.2% retracement from the 212 euros (230 US Dollars) Zone on the daily and 4H. There ain’t ay divergence in volume suggesting that buyers are willing to buy at this level and hold it. Looks a good place for me to add to my longs as I expect market to move upwards to 212 euros (230 US dollars). However, with the Baktt launch...
The upper resistance is now clearly broken since a couple of days. RSI and ROC are also clearly on the upside. This confirm the upward momentum I was expecting a couple of weeks ago (even though it took longer than expected :) )
Cheers,
S.
On the daily chart, we can see a divergence from both the RSI and the ROC over the last month. See Low1 and Low2 on chart.
While the ETH price has still been going down, we can see a divergence in both oscillators (Low2 > Low1 for both RSI and ROC) which tend to show that the downward trend is loosing its strength.
If the ETH price break the upper trend line...
Hi guys, fast analysis.
ETHEUR is trying to claim 160€, price is lagging in a small channel, bouncing on EMA200 (160€) and 165€. We need to break 170€, claim it and break 175€ too (EMA200 4h), then i see if i can open a long with a target between 210€ and 250€.
On the bearish side if we break the support zone at 160€ we have 1 small resistence at 155€ and a huge...
The daily close at 183 euros (roughly 200 US dollars) looks critical for Ether now. This price is also the 61.8%. Retracement from the August 2019 high at the months beginning. It has been hovering around that area for the last 24 hours without any success in overcoming it. There was a good sell-off yesterday to 170 euros, which was quickly absorbed by the bulls,...
Chart just confirmed head & shoulders with RSI trend line acting as resistance on three occasions now. Be patient and cheap cheap Ethereum will be yours.
Ether could be consolidating between 200 and 211 euros before making a clean break upwards. Possibly a good time to take small longs now :-)
Again, this ain't financial advice, but simply educated gambling and socially accepted gambling :-) Trade at your own risk.
Lets take a look at ETH from longer term weekly perspective . In previous bull cycle ETH consolidated in triangle pattern and weekly MA21 served as support line. When ETH started downfall, MA21 acted as main resistance zone.
Now we are in similar situation. Price broke MA21 in a bull run and felt back to it again acting as support now. Will the price go up or...
Last idea was about going short ETH. Now we've pretty much reached our target and I remembered this channel that I've used when I was fishing for a bottom in ETH. I actually bought eth then at around 70 euros. But I sold quickly since I didn't believe the bounce as most us here didn't. And watched the price run away. Well now we've got an entry at same exact spot...
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