My analysis of this pair suggests that Ethereum is about to break from a huge triangle present in the daily chart.
The volume information tells us that the fair value price has shifted up and down 5 times already, in smaller and smaller swings, time and price wise.
This is typical triangle behavior.
The safest way to trade it is via a breakout, but I think it will just dive down, so, this is a short in my opinion.
You can enter on breakout, but I'll leave my forecast for time and price intact.
Cheers,
Ivan Labrie
P.S.: Contact me for access to my private groups, currently providing trading signals for BTCCNY futures, analysis on request, private tutoring and also Forex signals and coaching as well.
The volume information tells us that the fair value price has shifted up and down 5 times already, in smaller and smaller swings, time and price wise.
This is typical triangle behavior.
The safest way to trade it is via a breakout, but I think it will just dive down, so, this is a short in my opinion.
You can enter on breakout, but I'll leave my forecast for time and price intact.
Cheers,
Ivan Labrie
P.S.: Contact me for access to my private groups, currently providing trading signals for BTCCNY futures, analysis on request, private tutoring and also Forex signals and coaching as well.
Nota
Seems to be breaking up.Watch it, no confirmation for long yet.
Nota
Fakeout for now.No trade is safe yet.
Nota
Low liquidity drift.No one's interested in ETHXBT it seems.
Nota
Seems like we march towards 0.001-0085.
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linktr.ee/ivanlabrie
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🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
linktr.ee/ivanlabrie
Penerbitan berkaitan
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.