ETH/EUR rejected at session highs at 352.34, slips lower to currently trade at 331 levels. The pair has broken above 5-DMA which is now immediate support at 316 levels. Upside finds stiff resistance at 20-DMA at 354, breakout could see further upside. Technical indicators are turning slightly bullish. We see scope for test of 55-EMA at 485 levels. Stochs have...
Looks like ETH is picking up some bullish momentum as i expected. We have several signs that we have a buy oppertunity here. One key sign is the double bottom formation, on top of that we're very close to completing a inverse head and shoulders pattern, all of this is happening inside a ascending triangle - so the bullish signs are definitly there. The fact...
ETH is still struggling to breakout the resistance level on daily chart but it is going to make it soon as we can see that MACD 12 is about to cross 26 and RSI is also showing uptrend. First resistance is at about 755ish area which ETH reached few days ago but couldn't make it and the support level is 660ish. Support is looking strong, it has touched it few time...
I think that if Eth hits 630 again, it would be a good entry point to go long. with a possible 88% gain over 2 weeks. Please comment if you've a different view. It's always better to have multiple opinions.
3rd wave seems quite done to me, looking for breakout levels! Ascending Triangle incoming? Please share your thoughts!
We see a long opportunity in ETH/EUR. The pair has broken major trendline resistances at multiple points. Currently tests strong trendline resistance at 840 levels. We see scope for upside on break above. Technical studies are bullish. We see RSI strength at 70 levels with room to run further. Momentum studies are bullish and ADX supports trend higher, Bollinger...