ETHPROS_TPG8CJ.USD trade ideas
Daily technical viewHello, and wishing you all a very happy new year.
We are not government registered entity so please do your own research before investing.
Both ETH & BTC are likely to go upside. For long term entry this is the perfect time to enter in a position. In eth it will consolidate in the price range of 3000-3400 if it's break the 3000 level than next support will be 2750 that one also is the great entry to enter in eth for long.
Note: it's for the education purpose only do your own research before investing.
ETH RSI DIVERGENCEThe trend line of eth in weekly time frame is tested. Same is tested in rsi. But where as candlestick showed upside trend , rsi is showing downward trend makin 1st top (@ 80) when eth reached ath in April last year, and 2nd top (@68) in nov when it reached it ath. Showing this can be a RSI divergence for bearish run from now on. Other affecting news are regulations tightening in many countries and good news can be that many institutional investors has bought up btc in range of 40k - 45k therefore it is likely to be strong support
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.
#ETHUSD @3105 , CAN RETEST 2790 ON WEEKLY CHARTS #ethusd #ethereum #cryptocurrency $eth #swingtrading
On weekly charts #ethusd can retest 2790
Support area 2635-2790
On weekly closing basis if breaks 2635, then next target 1903/1723
To regain positive momentum, weekly close above 3600 required which is a resistance on upside now
Eth-usdtTakin a look on this chart only because all the altcoin market depends on this only. ON seeing the char we can see there is a similarity in this drop and the September drop.
If eth will be able to break and hold above the 4150$ level, we can expect a good upside to minimum 6200$ before a big drop like this.
(before happening its in the charts)
Just hold your gems
(like if you the idea and follow for more)
ETH May reach 4600$ again As you can see a falling wedge pattern which confirms that the ETH is gonna rise
I have given the possible target and The support and resistance range, SO that we can buy the ETH in DIP. After a little more fall.
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.