Hey guys, ETH is trying for a double bottom at the 420 area, I talked about this in today's episode of the Crypto Chart Analysis (description in my status). 4h EMAs 12 & 26 clearly act as resistance right now in ETH/USD, just like in the direct correlation of ETH/BTC => That means ETH is relatively weaker right now. So when playing ETH, always look at ETH/BTC, a move in BTC might be more leveraged with ETH, depending on the direct correlation.
This is still highly bearish terrain: In order for the bulls to change the trend, we definitely have to get above the 12 & 26 EMAs, on the Daily break the Lower Highs around 480 Dollars & essentially 550 -otherwise the bulls haven't proven anything to us.
If you find my analysis helpful, please like & subscribe, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
This is still highly bearish terrain: In order for the bulls to change the trend, we definitely have to get above the 12 & 26 EMAs, on the Daily break the Lower Highs around 480 Dollars & essentially 550 -otherwise the bulls haven't proven anything to us.
If you find my analysis helpful, please like & subscribe, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.