ETH now testing the trendline. We need a bounce here at confluence of 200MA with support trendline to continue further uptrend. Losing the support will be short opportunity for bears.
eth has taken a trendline support on bigger timeframe, and potentially it can give upmove to up to 1950 level and then it will comeback to 1650 , so I m taking a long position here , but due to volatility your sl might get hit 1st so be careful
ETH/BTC is looking strong and very bullish. I think an imbalance bias of being bullish is correct until the trend reverses but we really need to watch out for some pull backs to be considered as a good buying oppurtunity.
ETH USD is at crucil support on both 200 EMA (1769)
on hourly chart and on support of trend line.
If not break trend line than posibilies to toch swing high of 1840
ONLY FOR EDUCATIONAL PURPOSE
Eth is a very established coin, a down move towards 400USD is expected (Golden Opportunity) where u can buy most of your bag for holding. chances of this happening is not so much since most of the bad things has happened already. But u shall prepare for the worst. Anything is possible :)
