Both options are based on a weekly candle
Hello friends.
The next surgery is based on a third green weekly candle that closed yesterday
As you can see in the graph in front of you, Etherium is at a very significant point.
A. Analyzing trend lines in the previous low in July, Ethereum fell below the trend line for about a month and a half, and then when it set a new local record it also managed to rise back above the trend line.
Even at the current low, it fell below the new trend line and turned it into a line of resistance, the question is whether it will be able to break back above it this time as well?
B. Ethereum in the 3500 area which is a round number.
third. Should it break the significant resistance of an average of 200 days or has it already erupted? (Does not appear in the graph in front of you)
D. Last week's volume - what is it? Is this a sign of a legal break with a lot of volume or (less likely) that it is a strong opposition?
{In Bitcoin it is similar but there a red weekly candle is closed and not with a lot of volume and it is a little less bullish than in Ethereum}
This idea does not constitute a recommendation for trading
If you like it, like it
I would be happy if you comment below what you think long or short
Thanks
The next surgery is based on a third green weekly candle that closed yesterday
As you can see in the graph in front of you, Etherium is at a very significant point.
A. Analyzing trend lines in the previous low in July, Ethereum fell below the trend line for about a month and a half, and then when it set a new local record it also managed to rise back above the trend line.
Even at the current low, it fell below the new trend line and turned it into a line of resistance, the question is whether it will be able to break back above it this time as well?
B. Ethereum in the 3500 area which is a round number.
third. Should it break the significant resistance of an average of 200 days or has it already erupted? (Does not appear in the graph in front of you)
D. Last week's volume - what is it? Is this a sign of a legal break with a lot of volume or (less likely) that it is a strong opposition?
{In Bitcoin it is similar but there a red weekly candle is closed and not with a lot of volume and it is a little less bullish than in Ethereum}
This idea does not constitute a recommendation for trading
If you like it, like it
I would be happy if you comment below what you think long or short
Thanks
Penafian
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