We Called The ETH Pump!
Our RSVP Extractor and Wave Strength Oscillator called these pumps perfectly! We also had a 3D ETH bullish divergence that we posted about a couple weeks ago which played out to a tee! Now I've broken down a Daily ETH chart to share my thoughts on some big support/resistance points to look out for!
1. We have a Daily trend line (red) that has been resistance since Nov 10, 2021 and coincides with the 2325 level
2. There's also major resistance at the 2125 level which coincides with the Daily 200 EMA (teal line) and the horizontal resistance from May this year (pink line)
3. The RSVP Extractor is starting to get overbought so keep watching that for any sell indications (along with the Wave Strength Oscillator)
Since both indicators don't have any strong sell signals yet, I'm expecting a continued push up until the merge to the 2300ish level. If we do pullback from here, there's some good support at 1930 and 1730 respectively.
Please make sure to only trade with what you can afford to lose. This market is extremely volatile and you never want to be caught on the wrong side.
If you have any questions about my TA or the indicators used, please leave a comment below or send me a DM. All of my links are next to my profile pic :)
1. We have a Daily trend line (red) that has been resistance since Nov 10, 2021 and coincides with the 2325 level
2. There's also major resistance at the 2125 level which coincides with the Daily 200 EMA (teal line) and the horizontal resistance from May this year (pink line)
3. The RSVP Extractor is starting to get overbought so keep watching that for any sell indications (along with the Wave Strength Oscillator)
Since both indicators don't have any strong sell signals yet, I'm expecting a continued push up until the merge to the 2300ish level. If we do pullback from here, there's some good support at 1930 and 1730 respectively.
Please make sure to only trade with what you can afford to lose. This market is extremely volatile and you never want to be caught on the wrong side.
If you have any questions about my TA or the indicators used, please leave a comment below or send me a DM. All of my links are next to my profile pic :)
🤝 Let's Connect:
🌎 Website - cryptoscripts.com
🐦 Twitter - twitter.com/CryptoScriptsAI
📺 Youtube Indicator Tutorials - youtube.com/c/CryptoScripts
📱 Facebook - facebook.com/CryptoScripts
🌎 Website - cryptoscripts.com
🐦 Twitter - twitter.com/CryptoScriptsAI
📺 Youtube Indicator Tutorials - youtube.com/c/CryptoScripts
📱 Facebook - facebook.com/CryptoScripts
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.