As we all know, ETH has seen very little action over the last month due to BTC stealing the show.
However with the BTC fork craze nearing an end, I believe that ETH may have a chance for a move.
As you can tell from the chart above it appears that ETH is starting to squeeze within a pennant .
The BULL Cycle:
IF we happen to break through top, I will be entering a long position.
My major target points would be 350, 394, and 448.
Additional target points are the fib extensions shown above.
The BEAR Cycle:
As much as I would love to see ETH make a run up, there is still a chance we will fall out the bottom of the pennant .
IF this happens I will likely place a short, and my first target would be the major support line at 271.
I hope this helps and I wish you all the best of luck!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
However with the BTC fork craze nearing an end, I believe that ETH may have a chance for a move.
As you can tell from the chart above it appears that ETH is starting to squeeze within a pennant .
The BULL Cycle:
IF we happen to break through top, I will be entering a long position.
My major target points would be 350, 394, and 448.
Additional target points are the fib extensions shown above.
The BEAR Cycle:
As much as I would love to see ETH make a run up, there is still a chance we will fall out the bottom of the pennant .
IF this happens I will likely place a short, and my first target would be the major support line at 271.
I hope this helps and I wish you all the best of luck!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Perdagangan aktif:
My order filled at 326 while I was sleeping. Little higher than I expected, but it is what it is; Especially with that scary drop follwing BTC down!
However, it appears we have found support on this trendline which is a great sign!
A break below this like will trigger my short term stop/loss.
However, it appears we have found support on this trendline which is a great sign!
A break below this like will trigger my short term stop/loss.
Komen:
This is a Bullish sign for ETH!
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I love ETH, but all the ICOs cashing out doesn't let it rise. Not good on short therm.
Balas
@trueorfalse, what exchange are you on? Also, All these trendlines were drawn on the 1hr time-frame; something I probably should've mentioned.
I'm hoping for the best though! I would love to see a nice Bull run out of ETH
I'm hoping for the best though! I would love to see a nice Bull run out of ETH
Balas