Quick update on ETHUSD on the daily charts. Check out our previous charts to stay in the loop on how we have been playing this run on ETHUSD. We also have some more fundamental analysis and news on the previous posts.
At the moment, we're seeing a symmetrical triangle pattern building in ETHUSD. Typically symmetrical triangle patterns are continuation patterns, but this one can really go either way at the moment as we see RSI, MACD, & Volume are all declining. We're waiting for confirmation to jump in.
If you do want to play it, our targets are as follows:
Bulls: $305
Bears: $230
I would however wait for confirmation (Rise in Volume), as this one appears a gamble at the moment. Beware of the traps.
Please shoot us a like and give us a follow as we come back with more updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
At the moment, we're seeing a symmetrical triangle pattern building in ETHUSD. Typically symmetrical triangle patterns are continuation patterns, but this one can really go either way at the moment as we see RSI, MACD, & Volume are all declining. We're waiting for confirmation to jump in.
If you do want to play it, our targets are as follows:
Bulls: $305
Bears: $230
I would however wait for confirmation (Rise in Volume), as this one appears a gamble at the moment. Beware of the traps.
Please shoot us a like and give us a follow as we come back with more updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
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.