ETHUSDT - No Entry? No Problem! WATCH THIS ๐
Hi Traders, Investors and Speculators of the Chart๐๐
The RSI on Ethereum is pointing to severely overbought on the daily up until the 3D. This means that a breather / pullback can be expected soon. If you missed the rally on ETHUSDT, this may be your chance to get another entry. For the next part of the analysis, we take a look at an old-school trendline analysis - the bump and run method. If the price of ETH corrects, the bump, a possible entry could be at $1400 where the diagonal support zone is. From here, the run could go to $2000 in the short term.
HOWEVER< if the price cannot CLOSE above $1400 in the daily, and falls underneath, the bump and run method will not be considered.
Take a quick look at another great opportunity here, OCEANUSDT :๐
I suspect the markets will continue to see lots of volatility this week, so remember to pre set those orders!
For those who have been following for a while, all of the altcoins on our watchlist have rallied. Please remember to secure some profits!
_______________________
๐ขFollow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities ๐Hit like & Follow ๐
We thank you for your support !
CryptoCheck
The RSI on Ethereum is pointing to severely overbought on the daily up until the 3D. This means that a breather / pullback can be expected soon. If you missed the rally on ETHUSDT, this may be your chance to get another entry. For the next part of the analysis, we take a look at an old-school trendline analysis - the bump and run method. If the price of ETH corrects, the bump, a possible entry could be at $1400 where the diagonal support zone is. From here, the run could go to $2000 in the short term.
HOWEVER< if the price cannot CLOSE above $1400 in the daily, and falls underneath, the bump and run method will not be considered.
Take a quick look at another great opportunity here, OCEANUSDT :๐
I suspect the markets will continue to see lots of volatility this week, so remember to pre set those orders!
For those who have been following for a while, all of the altcoins on our watchlist have rallied. Please remember to secure some profits!
_______________________
๐ขFollow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities ๐Hit like & Follow ๐
We thank you for your support !
CryptoCheck
