We have Ethereum (ETHBTC) bouncing and moving above EMA10 and EMA100 after a short retrace.
This bounce is interesting because ETHBTC started to reverse before hitting the EMA200/MA200 lines... We are likely to visit the last high on this bounce.
Another point in favor of the bulls is the 0.5 Fib. retracement support where prices bounced.
This is a strong level that can work as support on bullish cycles.
Conditions for change
If EMA50, the next resistance, becomes too strong and ETHBTC can't break it, we will see lower prices right away.
The different potential scenarios are clearly depicted in the above chart.
Namaste.
This bounce is interesting because ETHBTC started to reverse before hitting the EMA200/MA200 lines... We are likely to visit the last high on this bounce.
Another point in favor of the bulls is the 0.5 Fib. retracement support where prices bounced.
This is a strong level that can work as support on bullish cycles.
Conditions for change
If EMA50, the next resistance, becomes too strong and ETHBTC can't break it, we will see lower prices right away.
The different potential scenarios are clearly depicted in the above chart.
Namaste.
Note
TARGET:1) 0.03150 |Hit 25-July (+21%)
2) 0.03600 |Hit 13-Aug. (+38%)
Note
TARGET:1) 0.03150 |Hit 25-July (+21%)
2) 0.03600 |Hit 13-Aug. (+38%)
3) 0.04150 |Hit 1-Sept. (+59%)
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🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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(Click & Claim Your FREE Pizza! 🍕)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.