Ethereum
Short
Updated

Tons of bearish signals on ETH Weekly

359
I happened to see someone ask "when will ETH run?" So I just wanted to take a stab at the chart. I have never played this, but I noticed cycles. During it's IPO you can clearly see a head & shoulder. After the next bull cycle, a larger head and shoulder pattern. Currently we appear to be on the downside of a triple top; we are below the neck line. If price rallies to the neckline, I will watch for rejection to head lower toward range bottoms. If it breaks recent lows and retests, further downside. Let me see how I can get in on some action.

Any ETH chartists with insight?
Note
last week, trump tweet boosted the market and some of crypto. ETH is back above 21 ema (which is flattening out). will it hold this week 5/12-5/16?

snapshot
Trade closed manually
posted weekly update chart with clues that we may have an extended rally for now. set stop losses if you are in as we rally higher.
Note
Found an interesting update from someone who is on top of ETH JoeChampion

Ethereum Is Nearing an Important Support
Note
Weekly update 5/30/5
snapshot

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.