Breakout or Breakdown in Ethereum on 30m and 4H TF Hello Traders,
I am tracking the ethereum on 30m and 4h time frame.
On 30m chart
- Bollinger Band Squeezed
- ema(20,50,100,200) lies in between the Bollinger Bands
- RSI Neutral
- MACD Neutral
From these levels we can get a good trade on either side.
Wait for the breakout or breakdown and enter the trade in that direction, a good small trade can be executed.
On 4H chart
- Bollinger band expands
- Price is at the middle line
- sma(20) coincides with the support/resistance level
- Intraday move decides the direction for swing trade.
Happy trading and keep learning.
Thanks
Er. Simranjit S Virdi
Cryptoindia
what now?btc breakout downwards from symmetrical triangle changing the whole market sentiments
there are two possibilities now if that occurs we can again see btc in green if not btc can go down to lower supports
considering the market cap it is near its last support if it bounce back the market will green back
btc dominance is falling hence some random alt are pumping example (GMT)
but with current news where terra bought more btc
we would expect a pump since there knowledge would be high ofcrs than from us they would have expected this is only dip
so why not we too accumulate
can place a long position at 44400 nice support (enter with tight trailing Sl)
happy trading bye!
The last hope🥶Maybe we are testing the final hope for continuing of bull run. BTC is near its strongest bull run support trend line(the white one).
And guys if it unable to break upside we are interning the 2 year (approximately) of souring era of bear market 😨.
Let's see what will be happening is this week🙄
20% Profit on 15min $ETH ChartEverything should be pretty clear from the image but I waited for the trendline to break and the chart used the previous support as the new resistance. The chart also formed a bearish engulfing pattern on the chart which was the second confirmation. The third confirmation was the downtrend momentum on the RSI which was below 50 and that was enough for me to enter the trade.
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