Ethereum will go up??Hello to everybody!
Today we will check ETH.
The main power of ETH is NFT market. NFT market is in ''bearmarket'' last days, so it could be also bad news for ETH.
Technical analysis shows us strong support level between 2300-2100USD.
For next move up is important to stay above this level and break bearish trendline.
RSI indicatos on daily chart is still below 50. The value below 50 is better for bears then bulls, so I will be monitoring break from this area.
In case of move down is next support level around 1300-1100USD.
In market is low volume in last days, so nobody know witch way will be chosen.
If you would like to take long position, wait for break trendline, RSI above 50 and bigger buy volume.
Etreum
April 15 BTCUSD Bybit Chart Analysis
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Only 30 Min chart ,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for April 15th .
This is the movement after the analysis on April 14th.
Green Arrow Travel Path $1384 Profit Section
Orange Support Break away Stop Loss.
A rebound is in progress at the final red support line.
4 hours chart.
I marked the top and bottom sections of the day
Please check the price on the yellow line on the right
Red resistance line / light blue support line
Within the convergence section, we created today's strategy.
It is a 30-minute chart neutral strategy.
Today Within the red parallel line, it looks like there's a movement
Purple resistance line / over shuting section
* Red arrow on the path of move,
Long -> Short switching strategy.
Stop loss is the green support line
In the target section at the top,
Strong adjustments or whip saws may occur.
Using the trailing stop function
Or, short-position operation looks good in the short term.
*At the time of the sky blue finger movement path
Short -> Long switching strategy.
At the entry section of the first shot
You can check the red finger section.
In this section, the red arrow or bollinger band
If you touch the resistor for 30 minutes
Possibility of sideways.
Within the orange support line
After entering the short position,
Red support line long position switching.
If, with the sky blue finger movement path,
If it comes out, there may be an additional decline after tomorrow.
The spot exchange
Depending on the situation
Short-term trading, or waiting for cash, looks good.
That’s all for today’s strategy.
Thanks for reading.