Ethereum has pushed into fresh highs, breaking out of the wedge pattern. Price has now pulled back. Is this just a retest of previous structure, or a more sinister fakeout of resistance? If price holds this support we anticipate ETH will continue printing new highs.
Tag Archives: ethereum trading
ETH/USD Upside? Anticipating Fresh ATH!
We are anticipating new all time highs to form on Ethereum against the Greenback, as Crypto news reels are currently full of positive news about mainstream adoption of crypto. This trade idea capitalises on the 1H chart support trendline, with the RSI showing bullish momentum. As long as price holds this trendline we will seeContinue reading “ETH/USD Upside? Anticipating Fresh ATH!”
Eth Approaches Resistance – Will It Breakout?
ETH is approaching trendline resistance in a wedge pattern. Could we see price break out? Price action is cautiously bullish and the RSI is holding bullish levels. However, the ADX is on the decline, marking a trend that is losing momentum. If we see price bounce from here we could see the recent lows ofContinue reading “Eth Approaches Resistance – Will It Breakout?”
ETH/EUR Next Stop 5600?
ETH is currently soaring to the upside against all major fiat currencies. As our old analysis stated, the 61.8% fibonacci support held, and price is now gearing up to trade into the all time highs. Above this is uncharted territory, and if the fibonacci extension levels ring true we could see a prolonged bull marketContinue reading “ETH/EUR Next Stop 5600?”