In technical analysis, flexibility is essential.
In Ethereum, we are going to switch the time frame to a daily chart. By doing so, it allows us to look at the 200-day moving average. In equities and bigger asset classes, the 200-day moving average can be significant. Catching a burst above the 200-day can help you get on board with a major uptrend. Looking closely at the 200-DMA in ETH has done two things. First, it has broken above the 200-day near 206. Second, ETH has retested the 200-dma earlier this morning.
Bottom Line: The fact that ETH has retested the 200-DMA and bounced, leads us to believe a move to 240 is in the works. If ETH moves above 240, then you can say a significant bottom is in, and a massive up move is starting.
In Ethereum, we are going to switch the time frame to a daily chart. By doing so, it allows us to look at the 200-day moving average. In equities and bigger asset classes, the 200-day moving average can be significant. Catching a burst above the 200-day can help you get on board with a major uptrend. Looking closely at the 200-DMA in ETH has done two things. First, it has broken above the 200-day near 206. Second, ETH has retested the 200-dma earlier this morning.
Bottom Line: The fact that ETH has retested the 200-DMA and bounced, leads us to believe a move to 240 is in the works. If ETH moves above 240, then you can say a significant bottom is in, and a massive up move is starting.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.