EthereumUpdated ETH/USD - Levels To Buy
Another follow up analysis of Ethereum! Price is moving perfectly with our previous Ethereum analysis! In our previous analysis, we predicted a support level where price could bounce bounce for a buy, then we predicted levels where price would go to! So we have perfectly predicted Ethereum's movement so far. Now we've perfectly gaged the down move, I am looking for specific buy levels in order for me to profit from waiting.
Swiftly moving on to the analysis, Ethereum on the 12 hour chart is trading at our previously predicted support zone between 496 and 472. I am now watching Ethereum's movement very carefully within this zone to see if candles can show a reversal so I can be a buyer!
There's a short term lower horizontal support zone between 390 and 364 which will be Ethereums next bounce level if the current support level fails. If this support also fails, then we need to reconsider Ethereums intermediate trend before making any buy considerations.
Bare in mind if we hit the secondary support zone at 390 and 364, then price is likely to rise, but only up to the first horizontal support zone between 496 and 472, as this level would likely become resistance.
I will continue to update this analysis if enough people request it.
Please leave a LIKE and follow, these are the reason I take my time to post my analysis!
Swiftly moving on to the analysis, Ethereum on the 12 hour chart is trading at our previously predicted support zone between 496 and 472. I am now watching Ethereum's movement very carefully within this zone to see if candles can show a reversal so I can be a buyer!
There's a short term lower horizontal support zone between 390 and 364 which will be Ethereums next bounce level if the current support level fails. If this support also fails, then we need to reconsider Ethereums intermediate trend before making any buy considerations.
Bare in mind if we hit the secondary support zone at 390 and 364, then price is likely to rise, but only up to the first horizontal support zone between 496 and 472, as this level would likely become resistance.
I will continue to update this analysis if enough people request it.
Please leave a LIKE and follow, these are the reason I take my time to post my analysis!
Note
Price is trading lower, still within the support zone. I am waiting for more momentum to come into the market. The trading participation is low at the moment too, so there's a lack of steam.
It'll take a considerable amount of time before markets go high again.
Note
Price is moving up just as predicted in my above analysis.Now is a good time to watch for a buy opportunity. I'm personally already in. Use your tested trading strategy to find the buy.
Once again I'm glad to be your one stop shop for consistently correct and profitable Cryptocurrency analysis!
Please leave a LIKE and follow. This is the entire reason I post any content at all. :-)
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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.