ETH - Another Bull trend ahead?
Hey guys, Julie here =D
Let's talk about Ethereum today:
ETH is kind of moving sideways since November 18, after a huge bull trend, which is perfectly normal, I think it might just be resting now.
But one thing I've noticed is that the red candles have been bigger than the white ones for a while, and I don't like that, to me it's not a good sign.
We have some support levels near today's price, and I think that before ETH can go up again, it will test one of these regions (pink or blue line). If that happens, it would be a great time to buy (with good confirmation, of course).
I don't think it will trigger a downtrend, because on the weekly chart we have a nice uptrend, and the price is very close to the 21 EMA, so it is quite unlikely to fall.
I wouldn't buy ETH yet, I would rather wait to see if these regions will really act as support, and I would also wait for more positive candles, with a good confirmation, before buying.
So, to summarize:
I think it will fall a little bit more to the support levels, and then it will keep going up, because on the weekly chart we have a bull trend.
So that's it! Thank you for reading my analysis! I would really appreciate it if you would support me with your like and your subscription.
Bye bye, have a nice day! 😊👍
Let's talk about Ethereum today:
ETH is kind of moving sideways since November 18, after a huge bull trend, which is perfectly normal, I think it might just be resting now.
But one thing I've noticed is that the red candles have been bigger than the white ones for a while, and I don't like that, to me it's not a good sign.
We have some support levels near today's price, and I think that before ETH can go up again, it will test one of these regions (pink or blue line). If that happens, it would be a great time to buy (with good confirmation, of course).
I don't think it will trigger a downtrend, because on the weekly chart we have a nice uptrend, and the price is very close to the 21 EMA, so it is quite unlikely to fall.
I wouldn't buy ETH yet, I would rather wait to see if these regions will really act as support, and I would also wait for more positive candles, with a good confirmation, before buying.
So, to summarize:
I think it will fall a little bit more to the support levels, and then it will keep going up, because on the weekly chart we have a bull trend.
So that's it! Thank you for reading my analysis! I would really appreciate it if you would support me with your like and your subscription.
Bye bye, have a nice day! 😊👍
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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.
פרסומים קשורים
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.