ETH is currently moving up a Rising Wedge pattern on the charts It has tested the daily resistance a few times without a clear breakout The Trend line indicates where ETH has previously attempted to break out but has failed
My position is that ETH will either try to break the resistance again as it heads to the top of this Rising Wedge pattern OR it will fail to...
ETH is in a falling Wedge pattern and the next support level it will be at roughly $1596 or abouts.
Expect that ETH will come down to this level before bouncing out of the rising wedge with key area between $2100-$2200 and major resistance level at $2700.
It would be good to buy at price rejections level $1596 and take profits at $2100-$2200.
Disclaimer* This...
-Morgan Stanley upgraded its rating on NextDecade from "equal weight" to "overweight," and boosted its price target from $2 per share to $6 per share. That new target is still more than 80% above the current price even after Monday's rally. Underpinning that upgrade is the view that a global recovery in the natural gas market is "well underway."
-Morgan Stanley...
Eth has since come down as predicted in my last analysis meeting the $2200 support zone.
Now Eth is pumping on the 1hr chart, while the 12 hourly seems bearish and the 4 hour seems to be reversing the bearish trend.
looking at the RSI and MACD here there is a convergence on the MACD while Eth had come down to $2200 indicating that Eth could re-trend upwards now....
Hi All So there seems to be a LOT of bullish sentiment about a market recovery RN
So lets look at the charts...
Focusing on the DAILY chart here.
*Ok main thing here is, we broke the daily EMA for the first time since March 2020 market crash, we are still technically in a bullish upside channel, but the thing is the MACD is still below the EMA ribbon and the RSI...
What is next?
1-Price break 200ma
a-) This could be a fake out?
b-) indicators are just tern to buy. We ara going to 43000.
We will discover our new high in down trend.
40727 we will see we can break or what?
