Since the last Report, that was published before the Libra announcement, things changed, and market pushed higher.
However, we still hitting a major price juncture, and a $2.5k price dump in BTC has shown that. However, alts held reasonably well, so what happens next?
I am not sure who is buying at these levels now, but those people must have deep pockets....
New cryptocurrency market!
New set of positions on Ethereum
On the market survive not the strongest but those who are flexible and quickly adapt to the situation.
I recommend you not to look at the market as if it is 2016 - 2018, as it has changed , and now there is the process of muscle building to the skeleton that was formed 10 years .
Now on the market are...
in the same line of bitcoin analysis. Ethereum is immersed in a parallel upward channel. demarcating his parabolic movement. for ethereum I am more optimistic about the launch of eth 2.0 in January 2020. the lines that I trace are possible paths that I hope ethereum will follow in the near future.
So for now just patience.
1) Of course it would be nice to see 200 as a correction before going more up.
2) But if the trend line to the upside will be broken we might see some movement in the range of 290-320 before going more higher.
3) just try to think little beat here. Scenario A - going to the $200 price is simple. But ranging scenario is also should be...
Priority: Long
Reasons for open position:
- If price break up downward channel we should open buy from key level
- Key level is 220
- We need wait a broke up level and then after pullback we can look for an entry point
Guys, if you like the idea please put like button and write a comment or share your idea there, I will glad to see them.
Priority: Long
Reasons for open position:
- Key buy level
- Downside of the downward channel coincide with buy level
- We need wait a fake broke of level and then after pullback above level we can look for an entry point
Guys, if you like the idea please put like button and write a comment or share your idea there, I will glad to see them.
The previous forecast accurately determined where the price would go. There is nothing to change on the chart.
Now we are in buy area.
The price has touched the support line.
Target 1 - 260
Target 2 - 300
Technical analysis
EMA100 entrenched below the level, made a retest;
Left from the side channel of protrade $ 230 - $ 320
Ascending channel orange will continue when the ether drops to $ 181
EMA200 will be tested.
Retest Mirror Level $ 180
Retest fibonachi level 0.382
Bullrun.
ETH to 194.
ETH to 225.
ETH to 290.
Decoded Sequencing.
File ETH. {0,1]1100331-232
Root : Find.
Fractal X.
See Executed Fractal Placements.
High Propositional Power.
Hitting upper boundary of compression channel.
Supported by geometric linear regression .
Supported by 6 other coins algorithms.
Still has potential to fail this.
This may...
In terms of weekly chart, this combination is quite impressive!
It is a good shot for not only trading but even an investment-level trade!
so there will be 2 kinds of thoughts:
1. wait for intraday setup after hitting 188 and take it as a short-term trade.
2. buy some long-term positions without leverage and put the out at least below 80.00
Let's see how it goes!
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