Ethereum Starts To Gain Momentum | 18% or 59% Jump?

6 באפר׳ 2020

I would like to share this trick with you that I've been using, I mentioned it recently in the PAXBTC article... See how clear the bullish bias is can be seen on the above chart.

Ethereum (ETHUSD) and Bitcoin (BTCUSD) are moving together.
If you cannot get a clear picture when charting Bitcoin, you can also take a look at the Ethereum chart, sometimes the signals are easier to read here... Back to the chart.

ETHUSD is now moving above EMA50 on low volume... The RSI supports this move as it is looking strong.

Until more volume shows up we remain cautious as the chart can easily change... Nonetheless, we go with the flow and we continue bullish all the way.

Our trade for Ethereum with leverage (ETHUSD) can be seen below (122%+ with more to come):

Note: If prices drop, we remain bullish after unless the last low is taken out on the weekly timeframe.

This chart analysis is not intended for trading.
All of our trades contain buy-in, targets, stop-loss, and additional information.

This is not financial advice.

Thanks a lot for your support.

Namaste.