My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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Analysis:
RSI signaling possible divergence, as it begins to make higher highs. Both the 14 and the 50 EMA providing support, in conjunction w/ EMA squeeze appears to be developing. Also wave cross signaling entry, w/ the BB starting to contraction, which means a possible big move nearing. Therefore, another leg up is highly possible, before a significant retracement. However, the ETH is entering a region w/ significant amount of resistance, from over hanging, diagonal-overhanging, and previous ATH. Also the 3D and the weekly the RSI has entered the over-bought region, where ETH is colliding with the upper BB, somewhat topping out. So possible down side region would be high $4,000 region before bottoming out again. Therefore, short term long trade for a 4% TP, w/ tight stop loss for the conservative play, and re-up @ high $4,000 support region for re-entry
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Analysis:
RSI signaling possible divergence, as it begins to make higher highs. Both the 14 and the 50 EMA providing support, in conjunction w/ EMA squeeze appears to be developing. Also wave cross signaling entry, w/ the BB starting to contraction, which means a possible big move nearing. Therefore, another leg up is highly possible, before a significant retracement. However, the ETH is entering a region w/ significant amount of resistance, from over hanging, diagonal-overhanging, and previous ATH. Also the 3D and the weekly the RSI has entered the over-bought region, where ETH is colliding with the upper BB, somewhat topping out. So possible down side region would be high $4,000 region before bottoming out again. Therefore, short term long trade for a 4% TP, w/ tight stop loss for the conservative play, and re-up @ high $4,000 support region for re-entry