ETHUSD 12/1/2020
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Technical Analysis
Majority of the time frames favors the bulls with only one-time frame bearish 1HR.
Elliot Wave Forecast
First of all, the month of November 2020 closed in a very big bullish engulfing candle with a 59% gain for one month. There is a high likelihood of making extreme gain on December 2020. I think resistance is just temporary barrier for the price to moved up. There is a high probability that ETH has bottomed and seeking higher price.
1W
Bullish Convergence
1D
Bullish Divergence and Convergence
4HR
Likely to have a pullback before going up
1HR
Bearish Divergence
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
Technical Analysis
Majority of the time frames favors the bulls with only one-time frame bearish 1HR.
Elliot Wave Forecast
First of all, the month of November 2020 closed in a very big bullish engulfing candle with a 59% gain for one month. There is a high likelihood of making extreme gain on December 2020. I think resistance is just temporary barrier for the price to moved up. There is a high probability that ETH has bottomed and seeking higher price.
1W
Bullish Convergence
1D
Bullish Divergence and Convergence
4HR
Likely to have a pullback before going up
1HR
Bearish Divergence
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Note
Focused on Weekly and DailyNote
Other TAs;
Note
I short
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.
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.