Ethereum (ETHUSD) has been trading within a Triangle pattern since the June 18 Low (and current market bottom). The Lower Highs and Higher Lows are evident but despite the sideways price action of the past 1 month, ETH has to overcome two major price rejections, one on November 04 on the 1D MA200 (orange trend-line) and the other last week on December 14 on the 1D MA50 (blue trend-line).
A break and closing above the 1D MA200 and in turn the top of the Triangle, turns the price bullish towards 1675 (Resistance 1), while a break below 1075 (Support 1) and in turn the bottom of the Triangle, turns the price bearish towards 885 (Support 2).
The RSI on the 1W time-frame can help spot medium-term buy and sell opportunities as it is trading within a Rectangle pattern where its top tests have been Triangle Highs and bottoms Triangle Lows.
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A break and closing above the 1D MA200 and in turn the top of the Triangle, turns the price bullish towards 1675 (Resistance 1), while a break below 1075 (Support 1) and in turn the bottom of the Triangle, turns the price bearish towards 885 (Support 2).
The RSI on the 1W time-frame can help spot medium-term buy and sell opportunities as it is trading within a Rectangle pattern where its top tests have been Triangle Highs and bottoms Triangle Lows.
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.