Ethereum | Multiple Timeframes
First, we have Ethereum (ETHUSD) on the daily timeframe.
This is how things are looking based on candlestick reading:
The bigger trend is down, so whenever you see a pullback/bounce, you can use it to sell.
Here is the bigger trend:
Let's have a look at the weekly chart:
Notice the hammer with a negative nine (-9), a reversal signal but resistance is met right at EMA10.
Now we have a bearish/red candle this week with prices moving below EMA50.
The EMA50 detail is very important.
This indicator is sitting right now at $2954, trading below it is always bearish.
The weekly candle closes in less than 8 hours.
Closing below EMA50 can signal that prices will drop.
Conditions for change
Seeing ETHUSD trading above the bigger trend line would favor the bulls.
Wishing you a nice Sunday.
Namaste.
This is how things are looking based on candlestick reading:
The bigger trend is down, so whenever you see a pullback/bounce, you can use it to sell.
Here is the bigger trend:
Let's have a look at the weekly chart:
Notice the hammer with a negative nine (-9), a reversal signal but resistance is met right at EMA10.
Now we have a bearish/red candle this week with prices moving below EMA50.
The EMA50 detail is very important.
This indicator is sitting right now at $2954, trading below it is always bearish.
The weekly candle closes in less than 8 hours.
Closing below EMA50 can signal that prices will drop.
Conditions for change
Seeing ETHUSD trading above the bigger trend line would favor the bulls.
Wishing you a nice Sunday.
Namaste.
🔝 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
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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.