Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Ethereum Going Above $2,444 Within Weeks!
Ethereum
Long
Ethereum Going Above $2,444 Within Weeks!
By AlanSantana
Follow
Follow
Jul 16, 2022
5
0
33
33
Jul 16, 2022
This is the weekly RSI for Ethereum (ETHUSD).
We have the lowest value ever 13-July.
Telling us that Ethereums is deeply oversold.
We also have a lower low 13-July 2022 vs 18-December 2018.
While Ethereum is clearly within higher lows; Hidden bullish divergence.
Now, on the main chart we can see a bearish crossover between EMA50 and EMA10.
When you see a bearish crossover there is always a very strong pullback.
But this crossover at the same time signals lower prices mid- to long-term.
So we get a pullback/relief rally/bounce, short-term and then a correction based on this signal.
The green/bull trading volune this week is the highest since May 2021.
This is also a very strong signal.
Ethereum will grow like there is no tomorrow in the weeks to come...
Stay sober, remember March 2022...
After a few weeks we become complacent and forget that we have to collect profits because the market moves in waves... Up and Down, up and Down...
We went down so now we go up...
This up won't last forever but it will be a great relief for the cryptocurrency market as a whole.
Namaste.
Beyond Technical Analysis
Chart Patterns
crypto
Cryptocurrency
ETH
Ethereum (Cryptocurrency)
ETHUSD
Trend Analysis
AlanSantana
Follow
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com
(Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Also on:
Related publications
ETH Trading Plan
by Babenski
🔥 Ethereum Has Trouble With $1275: Here's Why
by FieryTrading
Ethereum ETH - Bearish trendline is now broken! + 125% PROFIT
by UnknownUnicorn2537518
Ethereum Analyze (Road Map)!!!🗺️
by pejman_zwin
Bitcoin's Pitchfork, MA200 & $25,222 Next Fib. Based Target
by AlanSantana
Tether Dominance Strong Bearish Signals Bitcoin Soaring!
by AlanSantana
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
.