ETHUSD || LONG (MID - TERM)
Prices bouncing off of extremely oversold conditions compared to the entire history of Ethereum (weekly)
I see a potential mid term trend reversal based on strong technical indications & since Ethereum's Constantinople Hard fork is round the corner, fundamentals are straight away calling for a bounce.
Any weekly close below $90 level would invalidate this analysis and Ether would continue to capitulate.
I see a potential mid term trend reversal based on strong technical indications & since Ethereum's Constantinople Hard fork is round the corner, fundamentals are straight away calling for a bounce.
Any weekly close below $90 level would invalidate this analysis and Ether would continue to capitulate.
הערה
Support curve still intact.הערה
Price nearing the buy zone again.Is it a good time to buy?
Yes.
Keep stop losses just below the support curve and your trade shall be good to go.
R/R is excellent in this scenario.
הערה
Prices testing the historical resistance areas once again. Just like the LTC trade, these areas should be broken upwards with conviction or we'll end up having a double top situation.Lets hope for some buying actions!
הערה
Hate to say it but Ethereum not looking good at all.הערה
surprisingly enough, Bulls truly are doing a good job defending the lows!הערה
1st Targetהערה
Just a couple of bucks shy of target 2.Trade is doing well until now.
הערה
Target 2הערה
6 months.Still maintaining a bullish posture, wicking off of the third and final big resistance.
The ETHBTC pair looks rekt although.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.