My first try at this.... Please comment below
Ethereum is in a long time bullish uptrend after hitting ATH we corrected some and are waiting confirmation for entry.
Ether is teasing a Bullish crossover on the MACD 4 hour chart
Ethereum is sitting right below the resistance at 2080 trying to break out of the current downtrend. If price rejects from here we can expect the price to go down to the bottom of the current trend line. 200 MA looks like a very strong support as the price have bounced off that point several times. Any breakthrough through the current downtrend will set us up to test $2120.00 and ATH. Resistance will be strong at these level and will most likely cap any more upside. If price does breakthrough we have support at the $56,500.00 $54,000.00 and finally $50,000.00. I would set buy setups at these targets and DCA. Please trade carefully and set stop limits appropriately.
This is not investing advice please manage risk carefully.
"There are many paths to success... but ONE must be taken.
This is my first try at TA after some studying. Any suggestions thoughts are much appreciated. Happy Trading or HODLING
Ethereum is in a long time bullish uptrend after hitting ATH we corrected some and are waiting confirmation for entry.
Ether is teasing a Bullish crossover on the MACD 4 hour chart
Ethereum is sitting right below the resistance at 2080 trying to break out of the current downtrend. If price rejects from here we can expect the price to go down to the bottom of the current trend line. 200 MA looks like a very strong support as the price have bounced off that point several times. Any breakthrough through the current downtrend will set us up to test $2120.00 and ATH. Resistance will be strong at these level and will most likely cap any more upside. If price does breakthrough we have support at the $56,500.00 $54,000.00 and finally $50,000.00. I would set buy setups at these targets and DCA. Please trade carefully and set stop limits appropriately.
This is not investing advice please manage risk carefully.
"There are many paths to success... but ONE must be taken.
This is my first try at TA after some studying. Any suggestions thoughts are much appreciated. Happy Trading or HODLING
Note
Sorry was looking at support for BTC. There is strong support at the 1950-2k level DCA from there...
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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.