As noted previously, 
ETHUSD recently touched the lower trendline and bounced sharply.
On the 8HR timeframe using Supertrend, there's a Bull signal setup onETHUSD if close > 300.59
Also looking for Bull signal confirmation on CM_Ultimate on 8HR Chart.
The 4HR Bull Signal has confirmed on Supertrend and CM_Ultimate. Currently, there's consolidation in the 290 area, which I feel is bullish with all the Chinese FUD in the news.
The Supertrend 1D Bull signal setup is if close > 353.10 and that's my first target with a 8HR Confirmed Signal.
Long term, this could be a bearish rising wedge with false breakout potential, or ETHUSD could really break out signaling big upside. A break of the lower trendline is very bearish, so that will be on watch as well.
I'm inspired by Crypto_Ed, I really like his charts and linked to his most recentETHUSD chart.
*Trade at your own risk. Not investment advice.
ETHUSD recently touched the lower trendline and bounced sharply. On the 8HR timeframe using Supertrend, there's a Bull signal setup on
ETHUSD if close > 300.59 Also looking for Bull signal confirmation on CM_Ultimate on 8HR Chart.
The 4HR Bull Signal has confirmed on Supertrend and CM_Ultimate. Currently, there's consolidation in the 290 area, which I feel is bullish with all the Chinese FUD in the news.
The Supertrend 1D Bull signal setup is if close > 353.10 and that's my first target with a 8HR Confirmed Signal.
Long term, this could be a bearish rising wedge with false breakout potential, or ETHUSD could really break out signaling big upside. A break of the lower trendline is very bearish, so that will be on watch as well.
I'm inspired by Crypto_Ed, I really like his charts and linked to his most recent
ETHUSD chart.*Trade at your own risk. Not investment advice.
Note
No confirmation yet on the 8HR Chart... I think it may happen in the next 1-3 days, watching closely.Trade active
Confirmed 25mins ago. I'm in!
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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.
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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.