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ETHUSD Trending Inside The Bull FlagHello everyone, if you like the idea, you can support with a like and a follow. We are trending inside a bull flag, waiting to break out to hit the top of the big ascending channel that we are in. For the short term most probably we will see a retest of the broken trend line (yellow line). When the bull flag breaks: To the upside, the target is 2275$ To the downside, the target is 1800$ And don't forget protect yourself with proper Risk Management. Information provided is only educational and should not be used to take action in the market ! Feel free to ask anything in the comments or send me a message ! Thank you for reading my post, have a great day !
COINBASE:ETHUSD
by AM.98
12
ETH/USDT - Bullish W pattern. What will be next?Trend analysis: - As you can see from the ETH/USDT daily chart, we are currently on the bullish movement because of bullish W pattern (Ellipse on the chart), which created good start and opportunity for testing new price highs. Price of Ethereum is moving upside for testing resistance level (Price zone: 1817). As a trader, I would recommend you to put short-term buy position to resistance level for making some profit and after it leave the market. After it we need to be prepared for looking correct signal for long position. Chart pattern: - Bullish W pattern (functioning) Technical indicators: - RSI: There is no overheat on daily chart (Neutral) - MACD: MAs are prepared for up movement + get closer to each other (Bull signal) - BB: Volatility increased after range movement (Bull signal in long term) - MA (10,20): MA10 is going rapidly upward then MA20 (Bull signal) = Bull movement in long term Dear friends, please push the like button, write comments below, follow me and share this post with other traders - that would be the best support, Thank you for your attention! Tell us about your opinion for making better decisions :) P.S.: Information provided is only educational and should not be used to take action in the market.
Long
by PrizesRises
ETH will explode $550K in June 2022Based on my cyclic harmonic calculations, ETH can explode $550 K in June 2022... This is not only because June is the month of my birth and I'm bullish on ETH, also, because ETH has this potential to gain this value... Beside this Technical Analysis, Fundamental analysis confirms this potential... At that time, also, ETH 2.0 will have a major progress... Who knows? Let's wait and see the result of this idea at that time... ;) I'll be happy and thank you if you share your thoughts and comment it below...
KRAKEN:ETHUSDLong
by MJBlockFi
3
Another Technical Analysis class!Hello investors! So, the volatility increased a lot here on ETH recently! Let’s see what the chart tells us now. But first, if you missed my last ETH analysis the link to it is below and remember to follow me to keep updated about our trades and analyses! Now, let’s continue our studies from where we stopped yesterday. I warned you guys about this inverted H&S pattern and I firmly believed that this was what ETH needed to hit its main goal, the blue line at $ 252. This scenario was accomplished with astonishing precision , and it left a Harami after it did what seems to be an exhaustion bar . But the technical analysis class is not over yet, ETH has more to teach us. After today’s crash, ETH found a support at the pink line, and we need to zoom out to the daily chart to see why this pink line is here: Oh, ok, so the pink line at $ 227 is a previous top, which is now a natural support for the price. Even the $ 252 was not a random target defined by me. No, it’s the market that always tells us what to do, and the $ 252 is just another one of its previous tops. We are still in a bull trend , as ETH is trading above the pink and yellow lines, above the 21 ema (which is pointing up), and above the purple trendline. As usual from bull trends, any pullback to one of its supports should be considered opportunities to buy . This recent increase in volatility don’t scary anyone here, and a well-prepared trader should study the chart very well, so one can see the opportunity during turbulent times. Nothing changes for now, but since ETH just hit our target, we can expect some pullback. It would be natural, and a desirable movement, to attract new buyers and give the price more strength to keep going up . Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
2
An impressive move!Hello investors! We discussed a lot last week about how the trend is very bullish here, and I said the $ 252 was a very optimistic, but realistic target to aim. When ETH was around $ 200 some thought I was too optimistic, I even heard people calling for short trades, but now $ 252 don’t seem unrealistic, right? Also, remember to follow me to keep in touch with my analyses. Now we see an inverted H&S pattern here, with a neckline around $ 242. If triggered, is very likely ETH will hit the $ 252 again. Let’s take a look at the daily chart, for a better perspective: The volume is starting to finally increase, and it’s trading above all its supports, namely the pink and yellow lines, the 21 ema and the purple trendline. Everything seems very bullish from here too ! And what’s more interesting, a pullback wouldn’t be scary at all, and I can see the price dropping all the way back to the 21 ema or the trendline without ruining the bull trend. The $ 252 is our main challenge here. Now, there’s an interesting thing on the weekly chart: ETH is trading above the 21 ema and the 61.8% fib retracement, and more important, it triggered a pivot last week. For the long run, we can set a target at $ 290 for ETH! But, for now, let’s focus on our first challenge, ok? Road to $ 252! Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
4
Something GOOD is going on here!And the bull trend continues! I said in my last analysis that the bulls are very strong here, and they keep seeking for previous resistances to break. If you missed my previous analysis, the link to it is below, as usual, and I invite you to follow me to keep in touch. Now ETH is finally trading above the yellow line, and it seems it is going to hit the pink line at $ 227. Let’s see the daily chart for a better view: Yes, things seem very bullish from here too. ETH respected the purple trendline, resumed the bullish trend after it moved sideways for a while, and now it’s triggering a pivot, and is also trading above the yellow line we mentioned earlier, and is trading above the 21 ema. A lot of bullish signs here! Even the volume, which was bugging me, seems to be increasing now, as the trend resumes. In the end, ETH is still more bullish than bearish in my view, but we can’t discard completely the possibility of some pullback ahead (maybe to the yellow line again), and it would be a natural and acceptable move, so ETH can gather the strength to hit the $ 252 again. Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
5
ETH - Will the bulls resume the trend?There’s a strong bull trend going on here on ETH, and as I said in my last analysis, it is seeking for its resistances. In fact, it struggled a little to breakout from this pink line, and it almost ignored the green line at the $210. Also, if you missed my last ETH analysis, the link to it is below, as always, and you are invited to follow me to keep in touch. We see a good bullish candlestick pattern evidenced in the chart, a Piercing Line pattern, just above its previous support (blue line), and the green candle closed above the 21 ema. Now ETH found another resistance at the orange line ($ 215), and a pullback would be desirable. Now, the daily chart: Recently ETH respected its supports, which is very good, and now is just under another resistance at the orange line. The good news is that the next resistances are quite distant, so a long trade has a better risk/reward relationship than a bearish trade, in my opinion. Other than the orange line, there’s the thin pink line and the next one is the light blue line at the $ 252, an impressive, but realistic target to aim. Remember, we are still in the middle of a consolidation, but just like BTC, my view is that the bulls have the advantage here, but not by that much, the low volume still bugs me. Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
5
ETH - I'll complain more from now.Once again, just when I said the bulls should react quickly, they do an impressive movement! It seems that complaining works! If you missed my last ETH analysis, the link to it is below. The red line and the dashed purple trendline truly supported the price as we discussed yesterday, and ETH defeated the black line with little effort, and completely ignored the blue line. Now these lines are supports , as the 21 ema. Now it’s searching for new resistances, like the pink line or the green line near $210. Let’s look at the daily chart: Yes, ETH is going up, and this is a good sign, but technically we are still in the middle of a consolidation , even the 21 ema is flat in the daily chart. The good news is that the trendline really seems to be a support. In my view, ETH is more bullish than bearish, but I wouldn’t buy it right now. Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
3
ETH must react, or else...Ok, ETH is still trapped inside a congestion , and in my previous analysis it was between the blue and black line. Today it exploded downwards, and it met its support at the thin red line and the dashed trendline. The dashed purple line may serve as a support here, but we need to see some reaction here, and quick. Right now it’s doing a clear bullish pattern, and day traders would like this, but if this thin red line is lost, the next support can be seen at the daily chart, let’s take a look: The black line around $ 191 is the next support, the good news is that it’s close now, but it can’t be lost, otherwise will seek the $ 177 again (red line). I don’t see a bear trend here, and any trade, long or short, would have a terrible risk/reward relationship, so ETH is not interesting to trade right now, and I’ll not even start to talk about the volume again. That’s why we need to see some reaction, and fast, because ETH has the potential to fly, but it must wake up first. I'll keep you updated, I post here every day, so remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
Yes, this is a CONGESTION.Hello investors! Ok, ETH is doing some bearish movement too, and there are some interesting things to point out here. First, ETH failed in trading above the green line at $ 209, which is an important level to look at – the same level where I booked my profits from our previous trade, link to my latest analyses are below. The good news is that ETH is trading above this black line around $ 202, which is another important level where the price struggled a lot in the past few days, and if the bulls are serious, they must keep the price up above this blue line. Then we may see a retest of the green line. On the other hand, if it loses the black line, it will seek the red line, or even the pink line at $ 191. Now, let’s see the daily chart: We see that ETH is not bearish, it’s inside a congestion, and the price could explode up or down. I drew another trendline (purple) that may hold the price, this is not definitive yet, so let’s see in the next few days. I admit this low volume bugs me. In any case, ETH is just in the middle of the congestion, and we should wait for a retest of a support or resistance before any decision. Remember to follow me , I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
ETH - That's BULL POWER!Hello guys! Ok, the bulls reacted today! As I said in my last analysis (if you missed it, the link is below), the trend is still bullish, and if you are a hodler there’s nothing to worry. Actually, it was just another opportunity for the bulls show their strength, as the bears tested the black line again, and failed in breakout below this point, and the price is doing a bullish pattern today! Let’s if it will close this way. Also, I think we can draw something like a flag, and the price already breakout from it and it did its natural pullback. There’re some resistances here, and now the first challenge ETH has is to breakout the orange line at $ 216, which seems it’s going to happen. Now, the hourly chart: The price found a support at the pink line and bounced back, struggled a little at the black line, as usual, and now it seems it’s searching for the green line. Let’s see if the bulls will find a resistance there! Also, if you’ve reached this far, remember to support this idea clicking on the like button, and I invite you to follow me to keep updated. Now the weekly chart: After the price found a resistance at the 61.8% fib retracement, it dropped back to the 21 ema and now is resuming the bullish trend. If the fib retracement will be surpassed for good, we can set a target for ETH at its previous top, around $ 290 (pink line). What do you think? Is reasonable aim the $ 290 again? Leave a comment here! Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
7
Searching for the next wave.Hello guys! So, ETH is bearish now, right? Actually, in my opinion, no. This seems to be just a sideway trend, and ETH is moving erratically between its supports and resistances, which is perfectly normal, after a bullish move, and that’s all. As I said in my last analysis, I booked my profits yesterday, and now I’m just waiting for the next move. If you missed my previous analysis, the link to it is below, and I invite you to follow me to keep in touch, I’m every day here, and I’m sure you’ll find something you like in my analyses. Now, as someone who’s out, just waiting for the next move, I’m disappointed by the low volume. This indicates that the price is still on “the sleep mode”, and we need to see more volume here to ETH wake up again. But until now, there’s no bullish or bearish sign, and ETH is not interesting at all to trade. If you a hodler, that’s another history. I think most of you are hodlers, and in this case there’s nothing to worry. The short-term trend is sideways, but since March we are still bullish. Take a look at the weekly chart: It seems the real fight here is between the 61.8% fib retracement and the 21 ema, so the price could drop back to the U$ 180 and that’s fine, no major changes or surprises. In any case, I’ll be here to keep you updated. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
That's it, I'm out! Thank you!Hello investors! Yes, ETH did a weird candle today, very bearish and with high volume. Now I’m out, as I’ve already told you that I would only sell my position if the price close under this green line in the hourly chart. It seems it will continue to go up though, but in any case, I booked my profits here. We’ve been long since May 13, and this trade gave me about 10% profits. Also, the link to my call on this trade is below, as usual, and I invite you to follow me to keep in touch with our trades and analyses, I’m sure you’ll find something useful. And congratulations for those who did catch this trade with me! Another battle won, my friends! Ok, now ETH is back to the green line, and if this is just a pullback to resume the bear trend and hit the black line again, I don’t know. Let’s see the daily chart: ETH hit a resistance zone, and now the bulls are struggling to pass through this point. If you think about it, a pullback to the 21 ema would be very good imo and would allow the bulls to take a deep breath and gather the strength they need to resume the trend. In this case, I would buy again! In any case, there’s nothing for the bulls to worry right now, and the trend is still bullish. Any drop on the price will be just another opportunity to long again, until the trend reverses. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
4
Ok, can we PANIC NOW?Hello guys! Oh, no, it seems ETH is doing a Harami under two important resistances! Ok, let’s see if there’s reason to worry here, in this analysis. First, follow me to keep updated about our trades and analyses, and support this idea if it helped you. I’m every day here, I do daily analyses about some cryptos, and I know you’ll find something interesting. Yes, it’s true, ETH is under a strong resistance zone, under the orange and purple line. But what can we expect here? First, ETH can just pass through these supports if the bulls are strong enough, and I wouldn’t be surprised, because it seems they ARE strong. Second, we can also expect a pullback, and the price could drop back to the 21 ema, or even the black line at the U$ 190 again, near the point we long, and our profits would be wiped out if this happens. But we can always look at the hourly chart for more clues: See, there’s no reason to panic at all. Despite the daily chart, the hourly chart is bullish to me! Yes, it has yet to break out its resistances, but also ETH respected with technical perfection this green line we draw yesterday. Now, I’ll speak for myself, you guys know that I sold half of my position yesterday (link to my previous analysis below) and I would only sell my remaining position if the price close under this green line. There’s nothing to worry here, the chart is still bullish. But, let’s keep our eyes open and see how the bulls are going to react now. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
2
I TOLD you to NOT PANIC!Ok, so as I said in my last ETH analysis, the bears were trying to fight back, but they got defeated in the end. We are long on ETH since this Bullish Engulf evidenced on the chart, and our trade is going very well. If you missed my last call here, remember to follow so you won’t miss any of our trades and analyses. Also, the link to my last call is below, as always. After I post my last analysis (Friday) I received some messages of people worried about the bearish pattern I warned here, even people saying it was time to short, but I explicitly said to not worry, and most important, don’t panic . The chart gave us some bearish signs, yes, but much more bullish signs, and that’s why we remained long , and the bulls were ultimately right. And now? Well, ETH just hit its first target, and if you are a swing trader like me you are free to book your profits. Another battle won . Today ETH hit the purple trendline and its previous top, evidenced by the orange line. Let’s see the hourly chart, as usual: You could’ve sold you position when it did that Harami under the orange line (the same one of the daily chart), or a sell order near the trendline, or you can wait for a stronger bearish pattern here, like a closure under the green line (previous top). Personally, I like to sell half of my position at a weaker bearish sign (a sell order near the trendline, in this case), and wait for a stronger sign to book the profits of my remaining position. But this is my risk management, you are free to do whatever suits you. Remember to follow me, I’m a trader who use the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
ETH - Do NOT PANIC.Hello guys! So, ETH is moving sideways now, and as I said in my previous analysis, this is the balance between the forces, a natural behavior that we see in any market. If you missed my last ETH analysis, the link to it is below, and remember to follow me to keep updated! Also, I post some interesting stuff on TWITTER , go there and check it for yourself! Now, just like other cryptos, ETH is trapped in a zone, between the black line and the yellow line, and the bulls and the bears lack the strength to make an actual move. This kind of behavior can be either, an accumulation or distribution, we still don’t know. If it’s an accumulation, then ETH will fly again to our targets (again, check my previous analyses below). If it’s a distribution, ETH will seek further supports, like the pink line or the red line. Now, let’s see the daily chart: Today’s candle is pretty bearish, but remember ETH just frustrated a bearish pivot as well (orange lines) and is still trading above the yellow line, above the 21 ema, and far above the black line, so it’s a tough call here. Also, today could be a bearish engulf after a pullback to the lost purple trendline, and that can sink the price down to the red line again, so we must keep our eyes open here! Let’s see the weekly chart now: The chart here is still bullish, trading above the 21 ema. It seems it did a pullback to the ema after find resistance at the 61.8% fib retracement, and now the price will take a rest, moving erratically or sideways for a while, and it will reflect on the daily chart! Until ETH gather the strength it needs, we must be patience and not panic for the little fluctuations. Se you next week, my friends. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
4
The calm before the battle.Hey guys, so everything is going fine with ETH. Unlike BTC, the movement here was expected, and in case you missed my latest analyses about BTC or ETH, the links to them are below. Also, I invite you to follow me to keep in touch with our trades and analyses. My Twitter has a lot of content too, you may find interesting. Some people may get worried with this candle, but this is perfectly normal, because the price is close to the purple trendline again, and it’s a good candidate for resistance. But, in my opinion, there’s no true bearish sign for us to sell our ETH, and today’s candle means nothing more than “balance”. The bears are testing the bulls, they need to know if we will have the strength to keep up the trend. Take a look at the hourly chart: ETH is trading under the black and yellow lines, in fact, the bulls almost passed through the black line today. And that’s it. This movement is just “the calm before a battle”. Until then, we should just wait for more signs. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
ETH - Fly, like an eagle!I said in my last ETH analysis that if the price close above the black line, would be very good, but if it closes above the yellow line, would be perfect. And now ETH is doing exactly what would be a perfect scenario. I said that it could close above the yellow line in the next days, and if you missed my last ETH analysis the link to it is below. Also, I invite you to follow me to keep n touch with my trades and analyses. Now, let’s see if until the end of this day the bulls will manage to keep the price up, and if that’s the case, the bears will have some problems. You may be asking, why I give so much emphasis in this yellow line, and that’s simple. If the price close above it, ETH will frustrate the bearish pivot it did recently, evidenced by the orange lines. Now, let’s see the hourly chart as usual: ETH is trading above the yellow line right now, let’s see the outcome of this battle! Also, it’s trading above the 21 ema, another good sign, and the next challenge will be the black line (although I don’t think it’s too important, maybe I’ll erase it later), and the purple trendline. Then, we will see if ETH will fly again. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
COINBASE:ETHUSD
by Nathan_The_Finance_Hydra
4