We Called The ETH/BTC Pump!

21 juin 2023

Looking at our chart, we see that Ethereum started getting oversold near the bottom of our standard deviation bands, along with an oversold reading on our new DVO indicator. This, combined with the oversold green X's we received (combination of multiple indicators), and our dark blue candles (another oversold indication), led us to have a VERY successful ETH long!

The next resistance we're looking at is $1915. This has been a big level on the daily chart and may provide a rejection once reached. You can also see our candles starting to get overbought (turning orange). Once they turn red, that's when I start looking to completely exit or take a majority of my profits.

If you're looking to buy on a pullback, watch the $1715 level. That acted as great support over the past few weeks and could provide a good R/R if we reverse here.

With BlackRock recently applying for a Bitcoin ETF and many other banks following suit, the crypto market is about to get a whole lot crazier!

-Stayed tuned for our new indicators launching soon (shown on the chart + more), along with a slew of great trading info for you guys! You won't want to miss it :)

Let us know if you have any questions!