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- Price in Triangle
- If price will broke top part of triangle then we can open long after a little pullback
- If price will broke bottom part of triangle then we can open short after a little pullback
- Always do your own research
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The Ethereum is inside the Channel which gives us a good opportunity for taking a long position near support line.
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ETH might be on its way to reversal to 150-154 zone. It's still in the downtrend but there some indicators that point to possible recovery before the fork.
Neutral at the moment, closely motinoring the market and set my "buy" limit order on Bitseven leverage platform.
Initials are developing in the big uptrend (iii) or the last wave is ending within the "c" of (ii).
The chart shows green levels that will confirm the first hypothesis, where I recommend taking margin longs. The orange level will send ethereum to the area 110-125, so there you can take a small short to this zone.
As for me, I plan to buy without margin +/- at...
This is my first TA and I decided to do it on ETH. So be aware that there may be errors since I am new to this and trying to learn
I am looking to buy ETH if it breaks above 155USD and sell in the 178USD area.
I am more than happy to listen if you have any constructive criticism
Ethereum is consolidating at resistance, this means that the sellers are being absorbed. Expecting a breakout upwards, invalidation of this idea is at: 147.91
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Ethereum is struggling to settle above $148.00, however, with little success so far.
The initial support awaits us at $147.70. It is reinforced by 1-hour 50 SMA and the lower line of 1-hour Bollinger Bands. A clear break here could extend the bearish pressure to the lower line of 4-hour Bollinger Bands at $144.90. Once it is out of the way, the sell-off may...