Ethereum is at a critical level where price can breakout either way. BUY We are watching the descending trendline for a break upwards to break the $2000 level. We can get in on the retest of that level. The first targets would be the $2900 level where we've seen price react previously. SELL If we break the bottom of $1700, we can go ahead with our Short...
5 Aug
2021
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7:23 pm
In our last analysis for ETH, we were waiting for the descending trendline to break to indicate the double bottom bullish reversal. We have now broken the descending trendline and we are waiting for a brief retracement before getting in. The ideal place appears to be the $2000 - $2050 level where we will be looking for buying pressure. Stoploss will be below...
5 Aug
2021
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7:22 pm
From our last analysis, we managed to get in on a buy after the retest. Price seems to be straggling along. There isn't any clear direction at the moment so we can just trade this for the short term via breaks of trendlines and pattern.Once we see a break of the correction we're in, we can enter with stops above the correction. Targeting the lows of 1750.
5 Aug
2021
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7:22 pm
In our last Ethereum analysis, we were short from the break of ascending correction back to the bottom - raw gains of almost 25%!We saw a triple bottom chart pattern which is a highly probable bearish to bullish reversal pattern. We are now approaching a very interesting level where we can look to add another buy position.At the 2400 level, price converges...
5 Aug
2021
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7:22 pm