EthereumGüncellendi ETH - A Line in the Sand
Eth is at a pivotal moment right now. ETH has reacted off this $400 level a lot of times in the past. We can see how it's used this level as a pivot many times going back.
Currently, ETH has broken back below this line, which is inherently bearish. You could also argue that ETH is forming a head and shoulders pattern right now and we are only just now forming the right should. However we still have a lot of upside pressure in the market which could propel ETH a LOT higher. This is not to be dismissed but watched carefully. I am not saying this up and warrants going long right now. However, I do have a line in the sand.
A break above this $390-$400 area will begin to invalidate a head and shoulders and the downside correction. This will propel ETH a LOT higher.
Conversely, if we DON'T break above, we will see ETH come down to $200 to this mid-range zone here.
My bias is bullish right now.
A break above also means we can go long on ETHE.
Cheers,
-Sherem
Currently, ETH has broken back below this line, which is inherently bearish. You could also argue that ETH is forming a head and shoulders pattern right now and we are only just now forming the right should. However we still have a lot of upside pressure in the market which could propel ETH a LOT higher. This is not to be dismissed but watched carefully. I am not saying this up and warrants going long right now. However, I do have a line in the sand.
A break above this $390-$400 area will begin to invalidate a head and shoulders and the downside correction. This will propel ETH a LOT higher.
Conversely, if we DON'T break above, we will see ETH come down to $200 to this mid-range zone here.
My bias is bullish right now.
A break above also means we can go long on ETHE.
Cheers,
-Sherem
Not
i am going to start nibbling ETHE. This is premature as it hasn't confirmed the pop yet but once ETHE gets going, it will start popping, I am ok with riding it out a bit, this is a LONGER term hold, not a TRADE. ETH looks good
Not
Chart for reference - Not
Looking more and more primed to bust up from hereNot
Boom.
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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.