ETHUSD formed doulbe bottom in weekly chart.
Neckline just broken
Therefore we could buy and hold ETH
aim 908! the 0.618 level
1. Try not to use leverage, just buy the real ETH and save it in your wallet.
2. when the price rally to around 500, you can take some profit and hold the rest.
3. Good Luck and all the best!
4. Welcome a little bit donation...
I really don't understand the reasons which can push the price upward. Ethereum looks overbought. RSI confirmed the price reversal in the overbought zone. MACD histogram supports the further downward movement. The price is too far from SMA50, and it is another signal that the market is stretched. From TA point of view, it should correct the previous upward...
Looking to long once more with a target of $470. Similar setup as a week ago, worth the risk to try it again. Bull markets love their 21 EMA.
Entry --> 395
Stop Loss ---> 367
Take Profit--> 467
Risk/Reward --> 2.7
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It seems like there is no strong support for ETH for crossing 400$ in next few days so buyers would become disappointed and start to sell their ETH then price would drop to 366$ and even 311$.
In the other hand if ETH cross 400$ there would be no strong resistance till 480$.
I am very excited to see ETH to touch 506 the discount ++33%
Pay attention to 430, it's good resistance line for rejection
-> this is not financial or trading advice
-> read the chart carefully and compare with other analysis
-> this analysis can 100% wrong and your action is your own risk
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"ETHEREUM 126% IN NEXT MONTHS" Absolutely i'm sure.
In the first, price retraced to 161.8 fibo extension and should
expand to 61.8 fibo.
price formed a accumulation channel for 2years
and now break up this channel with 2 full green candles
this action confirm uptrend.
Hello, Ethereum is now in ascending resistance and was broken after breaking 3 resistance lines: blue, gray and black
The orange resistance was broken by the second candle, but I was unable to break the red resistance
It is through this upward resistance that we can say that if the red resistance is not broken, a strong descent will descend
ETH going to touch the top of the triangle as the resistance and if break trend line can go up to reached the 406, 415, and 423, in second alternative ETH can going to correction to 396-398 and going to pump again for break the resistance and reach all targets.