Traders,
Here we have ETHUSD 1D chart.
As I published an idea about ETH published on November 2018 kindly check it before reading this update here below:
As you see we talked about bottom near 65:80$ and we hit that level last few months, So where are we now ?
Basically we are in the -Primary Upward Trend (Bull Market)
THE ACCUMULATION PHASE
The first stage of a bull market is referred to as the accumulation phase, which is the start of the upward trend.
The accumulation phase typically comes when everything is seemingly at its worst. But this is also the time when the price of the market is at its most attractive level because by this point most of the bad news is priced into the market, thereby limiting downside risk and offering attractive valuations.
for levels and patterns all patterns in accumulation phase is bullish like we currently have a perfect triangle with a coming Golden cross of moving average lines.
We had a fake "liar breakout" before, we are here again to be simple about ratios from the pattern this break of this bullish pattern will lead the price to a reasonable level at 250$ from that level will update again.
Note: Any time in accumulation phase is a good time for Holding positions.
Regards,
Mohsen
Here we have ETHUSD 1D chart.
As I published an idea about ETH published on November 2018 kindly check it before reading this update here below:
As you see we talked about bottom near 65:80$ and we hit that level last few months, So where are we now ?
Basically we are in the -Primary Upward Trend (Bull Market)
THE ACCUMULATION PHASE
The first stage of a bull market is referred to as the accumulation phase, which is the start of the upward trend.
The accumulation phase typically comes when everything is seemingly at its worst. But this is also the time when the price of the market is at its most attractive level because by this point most of the bad news is priced into the market, thereby limiting downside risk and offering attractive valuations.
for levels and patterns all patterns in accumulation phase is bullish like we currently have a perfect triangle with a coming Golden cross of moving average lines.
We had a fake "liar breakout" before, we are here again to be simple about ratios from the pattern this break of this bullish pattern will lead the price to a reasonable level at 250$ from that level will update again.
Note: Any time in accumulation phase is a good time for Holding positions.
Regards,
Mohsen
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