As we approach these recent highs in ETH we are forming this Ascending triangle which would be a good indication that we are going to get a move higher.
Things to be mindful of on the daily chart:
1. MACD leveling off
2. RSI could be showing signs of divergence.
The play:
Buy on a break to the upside.
or
Buy on a pull back at the 600 level for a bounce play.
Happy Trading,
-Sherem
remember to smash that like button!
We made money on this last call -
And also on this one -
Things to be mindful of on the daily chart:
1. MACD leveling off
2. RSI could be showing signs of divergence.
The play:
Buy on a break to the upside.
or
Buy on a pull back at the 600 level for a bounce play.
Happy Trading,
-Sherem
remember to smash that like button!
We made money on this last call -
And also on this one -
Note
You can see now why I was biased towards the down side.... Down we go.Note
If we get to 600 and you trade this area, be really fickle and maybe try and pick up a spike through to 575. If you do, don't stay in for too long. If we go there it's just confirming a move to this 500-520 area, whether that next move would happen sooner or later remains to be seen
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.