We just looked at Etherum (ETHBTC) on the weekly time frame.
Now, let's take a look at the daily and see what signals we can spot there.
Here, we can spot some of the signals we spotted on the weekly time frame but more detailed... Let's take a look:
The candle that hit the Nov. 2017 low, with a #6 on top, is a hammer. A hammer is a candlestick that is considered bullish when it shows up at the bottom of a trend.
The next day after this candlestick we have a huge green candle with huge volume. The biggest volume ETHBTC has been on the daily since January.
Consolidation after that has been really strong, and we have a bullish crossover on the MACD, yet it still needs to move further up. The signal is there, it just isn't strong enough.
We are bouncing from RSI oversold and the volume keeps on building...
Now trading above EMA10 which is the light blue line on the chart. A few more days... and we might see Etherum doing another push up all the way to EMA50 (magenta line), that's over 25% increase from current price, we can see this happen in a matter of weeks or days...
I am just listing some signals that I am getting from the charts. This no advice to trade.
This is done by request by my supporters, for your own learning and entertainment... For more, feel free to like, share, comment and offer your support.
Namaste. P.S. Make sure to visit my profile and check all of my other trades.
Bình luận
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Here you can find my weekly time frame (TF) analysis for ETHBTC:
alanmasters do an analysis of a crypto p2pb2b.io/trade exhange. would be great to see what you think of it and the trading on it..
abdullahIzaldeen
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Take a look at my chart analysis! i am new to this whole practical thing but have studied basics back in university :) but remeber nothing ^^ few tips would be grateful
Thank you.....