RoyalOakFI

ETH Ichi analysis

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BITFINEX:ETHUSD   Ethereum
ETH found short term support on 2 hr cloud, and got rejected by the Kijun (red line). A break of TK could give a small boost and if support holds, continue to 1000 $. Still not very strong though. Another rejection at 2 hr TK, will bring ETH down to test cloud support. If that is lost the momentum downwards could increase. In other words, still a no-trade zone. The 4 hr Kijun is still around 600 $ and could provide a bounce for a bullish move. A strong Kijun bounce is a buy signal. We will probably test that again.

Key levels: 600, 580, 550, 530 $.

Trade carefully, this is not advice.
Dagangan aktif:
Following cloud support carefully
Komen:
Small boost from cloud support once again. Not very convincing follow through for a crossing. Wait for TK cross on 1 hr!
Dagangan aktif:
TK-cross! :)
Dagangan ditutup: sasaran tercapai

Penafian

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