What's up guys, welcome to my weekly analysis for ETHUSD Today , so let's get started
Also, as I said for ethereum in the previous analysis, it is facing two downtrends. Which in the last week was able to reach the first decending trendline , but faced resistance and fell at the same time with bitcoin. we also can consider this similar triangle for ETH , which it is being compressed in .
And the possibility of jumping, whether ascending or descending, is possible in both directions.
The exponential average indicator still shows alot of crossovers, and to confirm the uptrend for ETH and Bitcoin, we should see at least a crossover between 14EMA and 20EMA with 50EMA days. in the daily timeframe .
🛑resistance level:
4K- $4.2 /// descending trendline
🆚pivot zone: $3.17k- $3.37
❇️support levels: $2.3 - $2.5///$1.65k- $1.85k/// /// lower trend lines
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
Also, as I said for ethereum in the previous analysis, it is facing two downtrends. Which in the last week was able to reach the first decending trendline , but faced resistance and fell at the same time with bitcoin. we also can consider this similar triangle for ETH , which it is being compressed in .
And the possibility of jumping, whether ascending or descending, is possible in both directions.
The exponential average indicator still shows alot of crossovers, and to confirm the uptrend for ETH and Bitcoin, we should see at least a crossover between 14EMA and 20EMA with 50EMA days. in the daily timeframe .
🛑resistance level:
4K- $4.2 /// descending trendline 🆚pivot zone: $3.17k- $3.37
❇️support levels: $2.3 - $2.5///$1.65k- $1.85k/// /// lower trend lines
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
Note
crossovers= 'crossundersuptrend='downtrend
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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.