Get started

DEFI

ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *Equities and crypto have reinitiated a correlation in today's session as they both rallied on news of China reopening. Aside from that I don't see too much else being bullish with a lag in further supply chain disruptions, the Fed beginning its balance sheet reduction tomorrow and committing to a whatever it takes monetary policy to ring in inflation, a potentially higher CPI number due June 10th and oil prices due to rise as the EU prepares for life without Russian oil.* Recommended ratio: 55% ETH, 45% Cash. Price is currently testing the upper trendline of the Bull Flag from 05/12/22 ($1975) while simultaneously testing $1941 resistance (if it closes above it today it will flip to support). Volume remains moderate and is on track to break a three day streak of buyer dominance if it closes today in the red; Price is currently trading in the third largest supply/demand zone. Parabolic SAR flips bullish at $2407, this margin is mildly bullish. RSI is currently trending down slightly at 42.17, the next support is at 36.91 and the next resistance is at 55.31 (which would coincide with the descending trendline from February 2020). Stochastic remains bullish and is currently testing 80.69 resistance. MACD remains bullish after breaking out of the downtrend from 04/04/22 and is currently trending up slightly at -170.81; the next resistance is at -90.80. ADX is currently trending down at 45.70 as Price is surging, this is mildly bullish. If Price is able to establish support at $1941, the next likely target is a test of the 50/50 uptrend line from February 2017 at $2140. However, if Price breaks down here and falls back into the Bull Flag, it could potentially retest $1711 minor support. Mental Stop Loss: (two consecutive closes below) $1925.
COINBASE:ETHUSD
by dailytaguy
ETH2 "Merge" to Come in Aug. ETH/XTZ Rivalry Renewed?The Ethereum Foundation announced a soft-deadline for the long-anticipated ETH2/Consensys/"Merge" - which will move ETH's current proof-of-work systems over to proof-of-stake. DeFi and finance people tend to prefer PoS over PoW as an economic engine since it's more similar to how the banking industry operates. It also had the added benefit of being more secure, energy efficient, and easier to understand. The ETH team may have been feeling the pressure to do the migration sooner than later due to high gas fees having chased a lot of the developers and artists in the ecosystem off the chain - but may have been bogged down by speculators and miners who did well during previous runs and don't want things to change. The migration to PoS this summer needs to be smooth and without incident if the coin wants to maintain its long-term lead. But since they're dealing with legacy PoW systems that may or may not lead to complications down the line (on top of the politics of it all), we don't know how things will actually turn out. ETH's validator systems (XTZ has a similar system called "Baking") currently requires a massive 32 ETH investment - of which you have to sign a waiver agreeing that there is no definitive date where you might see your money back. In theory, post-merge the initial validators *should* be able to withdraw from the system but if this happens en-masse it could potentially spell a disaster for the project as a whole. A lot depends on how the ecosystem develops post-merge. (Though there is - to be fair - the potential for interest rates to shoot up in order to compensate for its loss.) Another worry for ETH is what will happen to the price post-merge - in theory, the system itself will "burn" its money supply to keep prices high, but in crypto utility coins and speculation coins are often correlated in an inverse manner. The team reassures investors that their money is safe, but given the new and unprecedented nature of this "merge", there still are no guarantees. In the meanwhile projects like Tezos (XTZ) - which has been proof-of-stake from the very beginning when it was proposed in 2014 - have been making moves both in the Web3 space and in the markets - one of the few coins this week that managed to remain in the green. It's also one of the chains that artists, developers, and businesses have flocked to after ETH's gas fees started becoming untenable, and we see signs that lesser known projects like these are starting to become more "viable" in recent months. Tezos' protocol was designed specifically for stability - it doesn't require hard-forks for upgrades, offers staking rewards (4.63% on Coinbase for merely holding it - ETH2 currently offers 3.675%), and has historically always had low gas fees, even during the craze of last year. Many people - especially in the arts and NFT spaces - have noticed and have migrated over. (e.g. https://teia.art, objkt.com.) The two chains historically have always had a rivalry of sorts, back when Ethereum decided to go with PoW, whereas Tezos decided to go with PoS as its Layer-1 from the very beginning. Tezos has remained mostly quiet during the bull runs of the last few years, but as the merge date gets closer, we might start to see this old rivalry re-emerge again.
Long
by RyanTanaka
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *Sunday Scaries Watch... cryptos have been holding steady over the weekend and are currently seeing a slight uptick in buying today, this could very well trickle into Monday and then resume the downtrend later in the week so it's important to have tight (mental) stop losses on any longs.* Recommended ratio: 55% ETH, 45% Cash. Price is currently bouncing off of $1711 minor support which coincides with the lower trendline of the Bull Flag formation from 05/11/22, the top of this formation is at $1941 resistance. Volume is low, which is a bit bearish given the PA, and is currently on track to favor buyers for a second consecutive session if it can close today in the green. Parabolic SAR flips bullish at $2076, this margin is neutral at the moment. RSI is currently trending up slightly at 33.78 as it slowly approaches a retest of 36.91 resistance. Stochastic remains bearish as it is currently completing a trough formation and is on the verge of a bullish crossover at 32.91 (technically testing 22.98 support); the next resistance is at 46.76. MACD is in the midst of resisting a bearish crossover as it breaks out of the descending trendline from 04/04/22, it is currently trending up slightly at -207.28; if it can follow through with this breakout, there would be significant upside considering that the next resistance is at -90.80. ADX remains trending sideways at 49 for what is on track to be the ninth consecutive session, this is as Price consolidates between $1700-$2000; if ADX begins trending down as Price trends up, this would be indicative of a temporary reversal/retracement and therefore mildly bullish. If Price is able to continue up in the coming sessions, it will likely test $1941 resistance as it retests the upper trendline of the Bull Flag from 05/11/22. However, if Price breaks down here then it will likely retest the lower trendline of the descending channel from October 2021 at $1426 support. Mental Stop Loss: (one close below) $1711.
COINBASE:ETHUSD
by dailytaguy
STX/BTC currently trading in the golden pocket rangeSTX/BTC is STX/BTC is currently trading in the golden pocket range on the weekly chart. The divergence script for many indicators indicates two clear bullish divergences. Chris Moody's script 'CM Williams VIX' which finds market bottoms, flashes obvious green. LazyBear's Squeeze Momentum Indicator indicates a momentum change due to the first colour change from red to dark red. The sell volume has been decreasing for months. RSI is below 40. MACD is a lagging indicator but when you switch to a 2/3day timeframe there is already crossover. My expectation is that this will soon follow on the weekly chart.
Long
by joerivdpol
ETH/USD Daily TA Cautiously BearishETH/USD Daily cautiously bearish. *The Descending Triangle completed its formation and ended in a breakdown.* Recommended ratio: 15% ETH, 85% cash. Price is currently testing $1711 minor support (new) after breaking down out of the Descending Triangle (took 13 sessions to complete). Volume remains moderate (low) and is currently on track to favor sellers for three consecutive sessions if it can close today in the red. Parabolic SAR flips bullish at $2110, this margin is mildly bullish. RSI is currently trending down at 29.68 as it quickly approaches a retest of the uptrend line from 01/22/22 at ~26. Stochastic remains bearish and is currently trending down at 36.74 but is still technically testing 46.76 support; the next support is at 22.98. MACD remains bullish and is currently on the verge of regressing (after five bullish sessions) to a bearish crossover at -223 as it tests the Descending Trendline from 04/04/22 as resistance; if this crossover is successful it would imply a rejection at the Descending Trendline and this would be very bearish because the next support is at the ATL (-318.82). ADX is currently trending up at 49 as Price is falling, this is bearish. If Price is able to establish support here at $1711 minor support, then it will likely test $1941 support-turned-resistance. However, if Price continues to break down here, it will likely test $1426 support before potentially falling lower. Mental Stop Loss: (two consecutive closes above) $1941.
COINBASE:ETHUSD
by dailytaguy
10
ETH/USD Weekly TA Neutral BearishETH/USD Weekly neutral with a bearish bias. *Depending on the outcome of the launch of the Merge (transition from POW to POS) on Ropsten testnet 06/08/22, many in the Ethereum community ( including co-founder Vitalik Buterin ) believe that it could launch on Mainnet by August if the transition is successful... or by September-October if there are any hiccups.* Recommended ratio: 45% ETH, 55% cash. Price is currently formally testing $1944 major support (which coincides with the uptrend line from June 2020); this is a critical support, if broken it will likely lead to a significant drop (at least 25%) down to $1400 and perhaps below. Volume remains moderate and is currently on track to favor sellers for eight consecutive weeks (new Ethereum record). RSI is currently trending down at 34 and is quickly losing support at 37.35 as it aims to test the lower trendline of the descending channel from August 2020 at ~32. Stochastic remains bearish and is currently testing max bottom as it will look to form a trough and attempt to cross over bullish. MACD remains bearish and is currently forming a new ATL at -274.38 with no signs of trough formation. ADX is trending up slightly at 21 as Price continues to fall, this is mildly bearish. If Price is able to defend support here between the uptrend line from June 2020 ($1825) and $1944 major support, the next likely target would be a test of $2361 resistance. However, if Price breaks down below the uptrend line from June 2020 at ~$1825 then it will likely test the lower trendline of the descending channel from October 2021 at $1407 support before potentially heading lower to test the 200 MA at ~$1200 for the first time since July 2020. Mental Stop Loss: (two consecutive closes above) $2000.
COINBASE:ETHUSD
by dailytaguy
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *Equities are seeing a small bounce today with markets trying to price in a theory that the Fed may slow down interest hikes after frontloading in May and June; either crypto markets led the rally earlier this week or they're following. If crypto surges it may be short-lived so it's prudent for traders and investors to have tight mental stop-losses and be wary of a potential Dead Cat Bounce or Bull Trap.* Recommended ratio: 53% ETH, 47% cash. Price is currently completing a weak Descending Triangle formation (weak because it can also be a Bull Flag) as it tests $1941 support for the eighth consecutive session and now twelve of the last fifteen sessions (80%). Volume remains moderate (low) and fairly balanced between buyers and sellers; however, it is currently on track to favor sellers in today's session (this would be mildly bearish). Parabolic SAR flips bearish at $1760, this margin is neutral at the moment. RSI remains testing 36.91 resistance for the tenth consecutive session and is currently trending down at 35.40; it has been forming higher lows since 05/18/22, this is mildly bullish. Stochastic crossed over bearish in today's session and is currently trending down at 84.50 as it approaches a test of 80.69 support. MACD remains bullish and is currently trending up slightly at -200 as it attempts to break out of the descending trendline from 04/05/22; if it can successfully break out above -200, the next resistance is at -90.80 so there is a lot of upside potential. ADX is currently trending down at 48 as Price continues to hover at $1941 support; this is mildly bullish. If Price is able to break out above the upper trendline of the Descending Triangle/Bull Flag at $2025, it will have to reclaim support at the 50/50 uptrend line from March 2017 at ~$2130 before it can aim to test $2408 minor resistance. However, if Price breaks down below $1941 support then it will have the lower trendline of the Bull Flag at ~$1840 to test as support before potentially falling to test $1426 support. Mental Stop Loss: (tight stop loss - one close below) $1840.
COINBASE:ETHUSD
by dailytaguy
LUNA/BUSD Daily TA Cautiously BearishLUNA/BUSD Daily cautiously bearish. *With 137 million votes to go and 5 days left, the governance proposal to fork Terra into a new chain without UST is at 64% in favor; it just needs to be at 50% or above in 5 days for the network to launch on May 27th.* Recommended ratio: 3% LUNA, 97% cash. Price remains hovering at fractions of a cent as the vote on whether or not to hardfork the Terra chain goes on for five more days; the 50 MA is about to form a Death Cross on the 200 MA at $69 for the first time since June 2021. Volume remains very high and has been shrinking for five consecutive sessions now, and has favored sellers for six. Parabolic SAR flips bullish at $13.23 resistance. RSI remains flatlined at 14.25 for what is about to be ten consecutive sessions. Stochastic also remains flatlined at max bottom for ten consecutive sessions. MACD remains bearish and is trending up slightly at -23 as it is on the verge of a bullish crossover at -21.35; this will be one to watch leading up to the end of voting. ADX continues trending up slightly at 54 in search of a peak as Price continues to hover close to 0, this is mildly bearish; if it is able to form a peak as Price grows, this would be mildly bullish. If Price is able to breakout above $0.01, the next likely target is a test of $0.27. However, if Price continues to see selling pressure, it will continue to hover in volatility under $0.001. Mental Stop Loss: (two closes above) $0.01. **There is an argument to be made about the reduced 100m supply of new LUNA being a bullish catalyst for its Price and it very well could, but this argument assumes that the remaining 137 million votes don't go to 'No with Veto' or 'Abstain'.**
L
by dailytaguy
12
$DIA/BTC 2D (Binance Spot) Bug falling wedge on supportDecentralised Information Asset looks bottomed here, we expect that dip to be the last then finally start the reversal. Current Price= 0.00002656 Buy Entry= 0.00002665 - 0.00002405 Take Profit= 0.00004054 | 0.00005321 | 0.00007541 Stop Loss= 0.00001927 Risk/Reward= 1:2.5 | 1:4.58 | 1:8.23 Expected Profit= +59.92% | +109.90% | +197.48% Possible Loss= -23.98% Fib. Retracement= 0.382 | 0.559 | 0.786 Margin Leverage= 1x Estimated Gain-time= 6 months Website: www.diadata.org Contracts: #ERC20 0x84ca8bc7997272c7cfb4d0cd3d55cd942b3c9419 #BEP20 0x99956d38059cf7beda96ec91aa7bb2477e0901dd
Long
by TradingOn
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *After a small crypto rally over the weekend, the crypto market took a dip on Monday while stocks generally were positive; this is still not a decoupling because the stock market is closed over the weekend while the crypto market is not. Both crypto and stock market sentiment are ranging in Extreme Fear levels... this is typically when you want to be buying if you have a longer investment horizon.* Recommended ratio: 53% ETH, 47% cash. Price is currently forming a weak Descending Triangle (because it can also be a Bull Flag) as it tests $1941 support for an eleventh consecutive session; this is mildly bearish if it gets rejected by the upper trendline of the triangle. Volume remains moderately low and is currently on track to break the two day streak of buyer dominance if it closes today in the red. Parabolic SAR flips bearish at $1749, this margin is neutral at the moment. RSI is currently trending down and testing 36.91 resistance; if it can bounce here then it would be bullish (next resistance is at 55.31). Stochastic remains bullish and is currently trending up at 96.71 as it approaches a test of max top. MACD remains bullish after crossing over in yesterday's session, it is currently trending up at -216 as it approaches a retest of the descending trendline from 04/04/22 at -206. ADX is trending down slightly at 48 after making a soft peak at 51 as Price is defending $1941 major support; this is mildly bullish at the moment. If Price is able to break out of the descending triangle and close above $2144, then it will likely retest $2408 minor resistance before potentially heading higher. However, if Price breaks down here, it will most likely be a significant downturn to $1426 support and potentially lower. Mental Stop Loss: (two consecutive closes below) $1941.
COINBASE:ETHUSD
by dailytaguy
The sexy blonde 2 lockers down :) COMP following the last week liquidations. I have decided to check out the number of On-Chain liquidations amongst major protocols. Comp turned out to be the biggest winner. Most users did not suffer during the retracement and retained their HODL capacity, not being margin called by the protocol. This is incredibly bullish in a Risk-Off environment as users seek safer investments and services. In matters of TA. The comp Token which is a governance token cannot get much sexier than this chart. My final target for comp and level I would be comfortable shorting is anywhere between 917-3615$. By this I mean I would only close longs untill the valuation stands above 3615$! By far the sexiest chart in the defi field. Will be longing it now, DCAing, hodling for the long term. I may have found myself a new crypto wife :P #LOOOOOONG
Long
by TheBitcoinGeneration
1
KAVA/USD Daily Cautiously BullishKAVA/USD Daily cautiously bullish. *Since 05/12/22 KAVA/USD has gone up 116% so a little bit of resistance here at the top of the descending channel is to be expected.* Recommended ratio: 65% KAVA, 35% cash. Price is currently testing $2.72 resistance and is on the verge of testing the upper trendline of the descending channel from August 2021 at ~$2.95 as resistance. Volume remains very high after printing a record high on 05/12/22 and has been fairly balanced between buyers and sellers over the past week. Parabolic SAR flips bearish at $1.50, this margin is mildly bearish. RSI is currently trending up slightly at 45 after finally breaking out above 38.31 resistance (It had been testing it since 05/15/22); the next resistance is the uptrend line from December 2021 at ~53 (which could potentially coincide with 56.84 resistance). Stochastic currently remains bullish at 99 after going nearly straight up from max bottom on 05/12/22; it's on the verge of testing max top where it can coast in the "autobahn zone" for a while. MACD crossed over bullish in yesterday's session and is currently testing -0.44 resistance; if it can break above it then the next resistance would be at -0.18. ADX is currently trending down at 28 as Price continues to go up, this is mildly bearish; if ADX can bounce here as Price continues to rise then it would help confirm that this is a reversal and not a retracement. If Price is able to break out above the upper trendline of the descending channel from August 2021 (~$2.95) then the next likely target would be a test of $3.31 resistance. However, if Price is rejected here (at either $2.72 resistance or the upper trendline of the descending channel), it will likely test the $2 level as support and may fall as low as the lower trendline of the descending channel at ~$1. Mental Stop Loss: (one close below) $2.19.
KRAKEN:KAVAUSD
by dailytaguy
ETH/USD Daily TA Neutral BullishETH/USD Daily neutral with a bullish bias. *Altcoins like FTM, KAVA, XTZ have all crossed over bullish on the MACD and broken out to the upside -- this is bullish for the broader crypto space and implies that a weekend crypto rally is likely underway.* Recommended ratio: 60% ETH, 40% cash. Price is currently testing $1941 support for the sixth time in ten sessions and is forming a bull flag in the process. Volume remains moderately low and fairly balanced between buyers and sellers in the past five sessions indicating there is some consolidation taking place at this level. Parabolic SAR flips bearish at $1731; this margin is neutral at the moment. RSI is currently trending up slightly at 35 as it approaches 36.91 resistance. Stochastic remains bullish and is currently testing 80.69 resistance. MACD remains bearish and is trending sideways at -239, if it can manage to cross above -231 then a bullish crossover would take place; the next resistance is the descending trendline from 04/04/22 at -200 and the next support is the ATL at -318. ADX is currently trending up slightly at 50 and appears to be preparing for peak formation; if it peaks and Price goes up, this would be mildly bullish. If Price is able to bounce from $1941 support then the next likely target is a retest of the 50/50 trendline from March 2017 at ~$2100. However, if Price breaks down here and loses $1941 support, the next likely target would be a retest $1426 support (last time tested was February 2021). Mental Stop Loss: (two consecutive closes below) $1941 support. **Traders pls be vigilant as ETH approaches $2100... may want to derisk if this is in fact a weekend Dead Cat Bounce**
COINBASE:ETHUSD
by dailytaguy
#HDRN HEDRON showing relative strength against #HEXAfter a complete roundtrip back to near it's launch price. We are seeing a firming and potential reversal happening. The HSI auction are potentially going to be with us in just over a month. At current hedron prices, it would require a huge number of tokens to particpate and buy of these encapsulated stake On current estimates 50 billion tokens ... which will be burnt upon purchase. These are the tokenomics that will give use case and demand value of these tokens going forward.
HLong
by BallaJi
ETH/USD Daily TA Neutral BearishETH/USD Daily neutral with a bearish bias. *Bulls are defending the CRITICAL SUPPORT at $2000 for the seventh consecutive day and may succeed but be wary of a potential bull trap.* Recommended ratio: 40% ETH, 60% cash. Price is currently testing $1941 support for the fourth time in the past seven sessions after being rejected by the 50/50 trendline from February 2017 as resistance at $2100. Volume is back to being moderate and fairly balanced between buyers and sellers as Price is testing a very critical support. Parabolic SAR flips bearish at $1717, this margin is mildly bearish. RSI is currently trending up and testing 36.91 resistance; if it can break above it then it will likely test 55.31. Stochastic remains bullish after resisting a bearish crossover in yesterday's session and is currently trending up and testing 46.76 resistance. MACD remains bearish and has been trending sideways at -252 for six consecutive sessions now in trough formation; if it is able to break above -224 then it would cross over bullish. ADX remains trending up and is currently beginning to form what could be a peak at 48 as Price is seeing support after a 45% drawdown since April 5th; if ADX begins to trend down as Price goes up, this would be mildly bullish. If Price is able to defend $1941 support then the next likely target is a retest of the 50/50 trendline from February 2017 at $2100 before potentially heading higher to retest $2408 minor resistance. However, if Price breaks down here, expect quite a violent sell-off that will likely take Price down to $1426.78 support. Mental Stop Loss: (two consecutive closes above) $2100.
COINBASE:ETHUSD
by dailytaguy
$FTM/USDT 90m (#BinanceFutures)Falling broadening wedge breakoutFantom is pulling back to 50MA support and looks good for a bounce then a short-term recovery! Current Price= 0.7531 Buy Entry= 0.7432 - 0.7050 Take Profit= 0.8346 | 0.9233 | 1.0164 Stop Loss= 0.6354 Risk/Reward= 1:1.25 | 1:2.25 | 1:3.3 Expected Profit= +15.26% | +27.51% | +40.37% Possible Loss= -12.25% Fib. Retracement= 0.559 | 0.786 | 1 Margin Leverage= 1x Estimated Gain-time= 1 week Tags: #FTM #FTMUSDT #Scaling #PoS #Staking #DAG #SC #EVM #Enterprise #DApp #DeFi #BSC #BC #SolEco Website: fantom.foundation Contracts: #Mainnet #ERC20 0x4e15361fd6b4bb609fa63c81a2be19d873717870 #BEP20 0xad29abb318791d579433d831ed122afeaf29dcfe #BEP2 FTM-A64 #SPL 8gC27rQF4NEDYfyf5aS8ZmQJUum5gufowKGYRRba4ENN #CELO 0x218c3c3d49d0e7b37aff0d8bb079de36ae61a4c0
Long
by TradingOn
ETH/USD Weekly TA Cautiously BearishETH/USD Weekly cautiously bearish. *With the merge finally expected to be deployed on Ropsten Testnet around June 8th and then hopefully on the Ethereum Mainnet within the following few months, Terra collapsing and Solana network outages... there is reason for bullishness, but with fears of full blown recession being staked by the US economy being in stagflation it's generally advised to be risk off unless you're an investor with a long time horizon.* Recommended ratio: 30% ETH, 70% cash. Price is currently testing $1944 support which is just above the critical uptrend line from June 2020 ($1800). Volume is currently lower than last week's and on track to favor sellers for a seventh consecutive session. Parabolic SAR flips bullish at $3917; this margin is mildly bullish. RSI is trending down slight at 34.60 and is still technically testing 37.35 but if it doesn't bounce here then it will likely test the lower trendline of the descending channel from August 2020 at ~32. Stochastic remains bearish and is currently trending down at 3.51 as it will look to touch max bottom in the current or next session. MACD is currently forming a new ATL at -232.81 with no sign of trough formation. ADX is currently trending up slightly at 22 as Price continues to fall, this is mildly bearish. If Price is able to defend support at $1944 then it will likely consolidate before retesting $2361 resistance. However, if Price breaks down here, it will have the uptrend line from June 2020 at $1800 as the last line of support before potentially testing the lower trendline of the descending channel from October 2021 at $1407 support. Mental Stop Loss: (two consecutive closes above) $2361.
COINBASE:ETHUSD
by dailytaguy
ETH/USD Daily TA Neutral BearishETH/USD Daily neutral with a bearish bias. Weak Head and Shoulders formation from March 2021 still in play -- equity markets and crypto markets are still highly correlated, equity markets have been bullish this week so be ready for it to carry over into cryptos . Recommended ratio: 47% ETH, 53% cash. Price is currently trending down at $2050 after being rejected by the 50/50 uptrend line from February 2017 ($2100) as resistance on the first test. Volume has dropped back to being moderately low and has favored buyers in four of the past five sessions, indicating that there is a bit of support at $1941. Parabolic SAR flips bearish at $1700, this margin is neutral at the moment. RSI is currently trending up at 33.60 as it approaches 36.91 resistance. Stochastic remains bullish and is currently trending up at 35; it is still technically testing 22.98 resistance. MACD remains bearish and is currently trending sideways (slightly up) at -254; it will need to break above -208 to crossover bullish. ADX is currently trending up slightly at 46 as it continues to trend toward a peak formation, which would in this case signal a potential incoming retracement or reversal. If Price is able to close above the 50/50 uptrend line from February 2017 ($2117) for two consecutive sessions, the next likely target would be a test of $2408 minor resistance. However, if Price continues to fall here it will likely retest $1941 support before potentially heading lower to $1426 support. Mental Stop Loss: (two consecutive closes above) $2117.
COINBASE:ETHUSD
by dailytaguy