alanmasters
Long

Ethereum Also Wants To Grow | Follows Bitcoin

BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
Ethereum ( ETHUSD ) printed the Adam & Eve bottom pattern formation to signal that a low was set on the 25-Nov.

After some consolidation, we can see that a potentially strong bullish move is starting to take form... What we are going to be looking at are early signals.

  • We can see volume slowly increasing and now going above-average.
  • We can see the RSI moving pass 50 to go from neutral to bullish .
  • EMA10 is looking lower, EMA50 (yellow) is starting to break.
  • EMA100 (purple) goes next.

The bold blue dashed line is for support. If ETHUSD moves lower and closes below this level, the above signals become invalid.

Any trading above EMA10 ($147.25) tells us that Ethereum ( ETHUSD ) remains bullish .

Let me know if you have any questions in the comments section below.

Namaste.

Here is for Bitcoin ( BTCUSD ) which moves first...

And here some results (Perfect hit)... BKXBTC
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Comments

eth has istanbul upgrade on 8th, and we only have two days. after that huge dump could come.
+2 Reply
What if it is on a bearish 4th wave?

-can't upload my screenshots atm-
Reply
alanmasters tonywantsacookie
@tonywantsacookie, When I look a the pattern for the last two weeks, it is basically a repeat of December 2018.
+1 Reply
tonywantsacookie alanmasters
@alanmasters, hmm good thoughts
Reply
Nice input, Alan. What do you think about this CUP & HANDLE formation?
Reply
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