Creating lines on a chart is one of the most fundamental methods of charting when performing technical analysis . Being able to create these effectively and quickly is a very useful skill to have.
Horizontal, Vertical and Cross lines can all be found on the drawings panel to the left of the chart in the subgroup “Trend Line Tools”. These tools can be added by...
In the last thread, we discussed the basics of divergence. In this thread, we are going to learn about the positive divergence a.k.a Bullish divergence. I'll cover it in 3 parts:
1. What is bullish divergence?
2. Types of bullish divergence
3. Subtypes with illustrations
So, let's move ahead!
What is Bullish divergence?
A bullish divergence occurs when prices...
Ethereum stands at a make or break level of resistance on daily time frame . It will either give a massive breakout and break the resistance or it will make a double top and start to collapse . This crucial level is to be tracked as we can get good targets on either side .
Hope this analysis will help you :)
Potential levels before eth dumps. Seems like it needs to create a deviation above range highs, take the stops and then dump. Two possible options are that it pumps quite a bit before december till 1400s and then dumps or we'll have to wait till jan for such a pattern to play out
Simple analysis tells here that the eth is at support and if bounce from here that is 200sma and breaks the 1304 price, then a good upmove can come as inverse head and shoulders is there and if falls from here then 1100 is possible so better to wait and watch.
ETH has given a breakout of a rising wedge, Lets wait for a rejection from the supply zone and can look for a downside of up to 1040$ for the short term and 1110 for trading
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Ethereum — the world’s second-most famous blockchain network — is a platform for creating decentralized applications based on blockchain and smart contract technology (a command that automatically enforces the terms of the agreement based on a given algorithm). It's the chain that birthed DeFi (decentralized finance) and started the NFT craze which saw billions of dollars pour into cryptocurrency. Safe to say, it's one of the big dogs.