NOT A RECOMMENDATION TO BUY OR SELL, IM JUST REPORTING WHAT IM SEEING.
OMG OMG OMG LOOK AT THIS INVERTED HEAD AND SHOULDER! VOLUME LOOKS GOOD MACD IS BULLISH. COULD THIS LEAD TO THE RETEST OF 5200?!!!!
Welcome a short analysis on ETH!
We can see an ascending triangle being formed on Ethereum. Moving Average Convergence Divergence just had a death-cross on the 4 hour, and price is trading under the 50, 21, 13, and 8 Exponential Moving Average. Volume wise, bullish volume is decreasing while bearish volume is steadily increasing, I do not think the bulls are...
ETHUSD along with BTCUSD seem to be forming symmetrical triangles. As of now both of ETH and BTC's monstrous rally was halted by the upper trend line. The moving averages are not yet BEAR, in fact they do not look bearish at all. However, StochasticRSI is approaching oversold territory on the 2H timeframe. If we get a reversal off that upper trend line, look to...
Short term falling wedge OR long term bullish pennant. 400 sats hopefully but that would be an insane marketcap for this coin. Always set stop losses on a confirmed breakdown of any pennant.
Not financial advisor and always aim to question the validity of anyone’s TA.