Ethereum is ready for a Positional Trade on Weekly tf
Hello Traders,
Get ready to play a positional trade in ethereum on weekly tf.
The correction was started from the levels of 4868 in Nov2021 and after 18 months of correction the ethereum is getting ready for an uptrend.
Let's understand the technical data
ema(20,50,200) - Buy
ema(100) will act as a Resistance1
Level 2023 will act as a Resistance2
Breakout of the channel line.
MACD - Bullish Crossover
- Histogram is building momentum
Bollinger Band - Squeezed
The price confirms the uptrend on the breakout of 2023 level (Resistance2)
The overall chart structure also shows the signals of an bull run.
Thanks and keep trading
Er. Simranjit Singh Virdi
Get ready to play a positional trade in ethereum on weekly tf.
The correction was started from the levels of 4868 in Nov2021 and after 18 months of correction the ethereum is getting ready for an uptrend.
Let's understand the technical data
ema(20,50,200) - Buy
ema(100) will act as a Resistance1
Level 2023 will act as a Resistance2
Breakout of the channel line.
MACD - Bullish Crossover
- Histogram is building momentum
Bollinger Band - Squeezed
The price confirms the uptrend on the breakout of 2023 level (Resistance2)
The overall chart structure also shows the signals of an bull run.
Thanks and keep trading
Er. Simranjit Singh Virdi
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