ETH continues to trade above its support of 2815
- Joined May 2019 | Status: Member | 1,178 Posts
ETH rallied yesterday but move above 3220 is needed to turn the trend to Bullish.
- Joined May 2019 | Status: Member | 1,178 Posts
ETH surged yesterday and now is in a clear uptrend once again. However immediate resistance exists near 3730 and a move above that would increase the upward momentum.
- Joined May 2019 | Status: Member | 1,178 Posts
ETH continues to be bullish and headed towards 4090 once yesterday's high of 3973 is crossed. The immediate short term Support comes in around 3730
- Joined May 2019 | Status: Member | 1,178 Posts
Not much change in view since yesterday. Important support for ETH comes in around 3730 and then 3630.
- Joined May 2019 | Status: Member | 1,178 Posts
ETH now is near an important support and a break below is likely to bring another 10% fall.
- Joined May 2019 | Status: Member | 1,178 Posts
ETH is trading just above its super important support around 2815. A break below that would be bad and perhaps another 10% fall.
- Joined May 2019 | Status: Member | 1,178 Posts
ETH has taken its support near 2826 and bounced back. The immediate resistance is near 3167 and 3240.
- | Joined Apr 2024 | Status: Last Sync: 8 min ago | 48 Posts
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The situation on the four-hour chart looks very interesting. If we draw trend lines along the edges, we get three lines pointing downwards. This is all shown by the formed Folding Meter of V.Likhovidov. According to theory, the price cannot accelerate indefinitely. Therefore, if the steepest trend line is broken, then the price is likely to reach the most gentle. Given that the dynamic support was provided by a heavy moving average with a period of 200, the dynamic resistance may be a light moving average with a period of 75, which is now located in the area of the second trend. That's where I see the goals for purchases from current ones.
