Weekly analysis ETH n°1Hello everyone,
I decided to start a new weekly analysis format with recent events and bullshit from the leader cryptocurrency authors of tradingview.
Many leading cryptocurrency authors say long / short without fundamental elements on 1H, 2H and 4H, do not look back and two days later say the opposite, incite people, say bullshit for the buzz etc... But I think it is better to help people by giving them the trend line to trade with their own decision, not the decision of bullshit authors. Many people follow idiots, gamble trading, negotiate with emotion, do not use stop and trigger orders, have no strategy, do not have risk money management and one day... lose their money.
So i decided, once per week to share with you a 1D time fram chart for give you the actually trend, to give you the keys to make the good choise, your choice and a good trade.
Today:
On 24/02 we hit a resistance for the third time and now the market seems to be falling.
We have hit the support line twice and the resistance line three times, we can say that we are in a tunnel.
We are approaching the baseline of the Bollinger Band indicator. I think that is an essential point. It can be considered as a support and the market can rebound on this line. But also if this baseline is crossed, there is a strong potential that we pass in a short period.
On the MACD indicator, it is the end of two green waves. So it could be another green wave or a new red wave.
Personally, I don't think we have a buy or sell signal. It's risky and we have to see if the market rebounds for a long time or moves into a short period.
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Remember, if you want to be profitable in long term :
Have a strategy and trade with no emotion
Trade with risk money management
Set stop and trigger order
Be patient and calm
Thanks for your support,
Best regards,
Gaëtan Lpp
