How to trade ETH?
Updated
Hi, folks! Today I saw many charts, and my eyes caught the ETH.
First and foremost, relative to Bitcoin, ether is undervalued. Often on the bull market, it recoups itself later on.
As I've often noticed, the start of the alt season begins with DOGE rising as well as ETH. We go hand in hand with these altcoins. In case of liquidity spillover, we should pay attention, in my opinion, to
ETH as one of the first coins.
Let's take a look at the chart.
I see the highlighted zone 1865-1860 as a zone where the false breakout will be played back.
The setup should be associated with a huge volume spike on a small candle with a big tail.
In the case of growth from the current values, the entry can be at the breakdown of the local high 1920, with the purpose of moving to the resistance of the 1969 and 2010 levels.
What do you think about the possible alt season and ETH? Write commentary below!
I will appreciate your comments and likes. See you:)
First and foremost, relative to Bitcoin, ether is undervalued. Often on the bull market, it recoups itself later on.
As I've often noticed, the start of the alt season begins with DOGE rising as well as ETH. We go hand in hand with these altcoins. In case of liquidity spillover, we should pay attention, in my opinion, to
ETH as one of the first coins.Let's take a look at the chart.
I see the highlighted zone 1865-1860 as a zone where the false breakout will be played back.
The setup should be associated with a huge volume spike on a small candle with a big tail.
In the case of growth from the current values, the entry can be at the breakdown of the local high 1920, with the purpose of moving to the resistance of the 1969 and 2010 levels.
What do you think about the possible alt season and ETH? Write commentary below!
I will appreciate your comments and likes. See you:)
Trade closed: target reached
Folks, the level seems to me not much liquidity after second reaction, so you can quite with a few procent profit. I will update my plan after some time again
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.