Weekly Time-frame
We are looking at Ethereum right now and it’s forming a symmetrical triangle which is neutral breakout. Awesome Oscillator (AO) is bearish also. We are below in our symmetrical triangle pattern which is Bearish.
1D Time-frame
Bouncing Area @$2,500 needs to hold or else it will drop harder. AO in daily time-frame is already Bullish. It printed green volume which means we are already in the bottom. Resistance Area is in $3,000.
4H Time-frame
Bouncing area @$2,537 it is forming an Ascending Triangle which is a Bullish Breakout price target @$2,700. We need to break the $2,600 to continue to the upside. We are already at the bottom so it is the best place for a long position, knowing we are in #21 in greed and fear index which is Bullish.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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1D Time-frame
4H Time-frame
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Trade Scholar, the best cryptocurrency educational community online!
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We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
