Remember that all the corrections have been very small for Bitcoin and with massive fiat printing in stores for us soon, its price is very likely to move even higher.
We can say we have some mixed signals here since prices stopped growing after reaching resistance, but so far we haven't seen any follow up to the drop that took place on 10/11-Jan.
Now that I...
as discussed in the last eth chart out triangle broke upwards and we hit all our targets
now as you see we may play a short trade for little profit because of the resistance line of that channel.
SHORT
entry: 1390
Exit: 1320 (1330 for safer side)
according to my chart analysis, the chances of ETH reaching 1500 is very high in the next 4-6 days
Analysis:
Historically, ETH-BTC has given good gains after BTC rally
Pair almost at the bottom range
2021 major cryptocurrency
Investment Strategy:
Buy the ETH dips more than 5% or 9%
ETH in exchanges is reducing, the price could pump in next 3 months
If the price pumps too fast, convert some amount back to BTC but HOLD some ETH for 2021
The objective is to...
current scenario for ETH
breakout or breakdown, we can catch a big move at the completion of this pattern
looking at the bullish pressure we expect a breakout
In this case previous low we assume that wave 2 of the supercycle is already finished
so we are in wave super 3x or wave c - and this motive wave in the timeframe month
might be a triple combination or triple zigzag.
Rule
Because the former wave is elongated zigzag that means wave x must retrace at
At least 61.8% of wave c (847.30)
It can retrace deeper but it...
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If it sustains above the level of 1234 then can go long to 1260 followed by 1290.
If the price turns back from the important level of 1234 then the short target will be 1175 followed by 1150.
Happy Treading.
ETH has rallied up in the last two trading days to reach fresh highs in a long time. We are seeing similar run to Jan 2018 in the mix.
Yellow Trend Lines show long term levels with respect to the 2018 run up.
Green Trend Lines indicate short term support & resistance. If price sustains over each of these Trend lines, we wil see price moving up. Corrections will...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.000231).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ADAETH is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
1) BTCUSD reached all time high so expect a bit of resistance to take a short position .
2) However the longer Time frame trend is bullish .
3) Can trial the profits till 18519 if you're an active trader .
