ETHEREUM: HOLDING ON THE SUPPORT.
Hello traders, I know the market isn't looking good and I am sorry if any of you got rekt in this dump. If you remember then in one of my BTC updates I mentioned that I am out of the scalping game and I would rather go for long-term trades. Well, there you go, we are playing the long-term game now.
Coming back to the chart, ETH is strongly holding the support range of $1100. This is a crucial point for ETH and it must bounce from here. If it breaks down the $1100 support, I am afraid that the next support will be close to $300 to $500. Flipping to the positive side, if ETH bounces back, then in a long term we can expect a rally toward the new all time high.
Supporting the positive side of ETH, we have the RSI making a hidden bullish divergence. By the way, this chart is in a 2 weeks timeframe so don't consider this for the short term.
More on ETH later. Have a good day, fellas.
Coming back to the chart, ETH is strongly holding the support range of $1100. This is a crucial point for ETH and it must bounce from here. If it breaks down the $1100 support, I am afraid that the next support will be close to $300 to $500. Flipping to the positive side, if ETH bounces back, then in a long term we can expect a rally toward the new all time high.
Supporting the positive side of ETH, we have the RSI making a hidden bullish divergence. By the way, this chart is in a 2 weeks timeframe so don't consider this for the short term.
More on ETH later. Have a good day, fellas.
coincall.com/r/43438887
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Trade crypto options and futures on Coincall for great onboarding bonuses and a premium trading experience.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.