ETHEUR uptrend
Updated
I expect it to continue the violet trend line and that the RSI will stay close to it.
815 seems to be a new support from my view and I expect it to go to 900 - 920 before it will rest again.
If it breaks my violet line, I would go out latest when it goes beyond 755 as this was an old resistance line.
On the long term I expect it to grow but for a swing trade when it break the 860 line I expect it to get a new resistance at 900 to 920.
Disclaimer: I'm only learning to read the charts again as last time trading was with stocks around 10 years ago where I had some portfolios going way up 400%+ and some other crashing -200%
Now I used my holidays and researched cryptos for the past 2 weeks so take my charts not as advise but if you want to comment I would be happy for any feedback be it negative or positive.
For now I'm only playing with play money so no big bets (<4k) but the crypto space seems interesting and as a developer I'm tempted into writing some helper tools for TA and monitoring as well as trade helper bot (automating sells on set targets as automation is my day job since 10 years ;-)).
815 seems to be a new support from my view and I expect it to go to 900 - 920 before it will rest again.
If it breaks my violet line, I would go out latest when it goes beyond 755 as this was an old resistance line.
On the long term I expect it to grow but for a swing trade when it break the 860 line I expect it to get a new resistance at 900 to 920.
Disclaimer: I'm only learning to read the charts again as last time trading was with stocks around 10 years ago where I had some portfolios going way up 400%+ and some other crashing -200%
Now I used my holidays and researched cryptos for the past 2 weeks so take my charts not as advise but if you want to comment I would be happy for any feedback be it negative or positive.
For now I'm only playing with play money so no big bets (<4k) but the crypto space seems interesting and as a developer I'm tempted into writing some helper tools for TA and monitoring as well as trade helper bot (automating sells on set targets as automation is my day job since 10 years ;-)).
Note
So far it did stay in the trend and currently it is looking like the resistance is on 900 and I assume the new support is at 860Small correction of the main text, I wrote RSI but I meant the 21 MA (as in the chart comment to the violet line).
Note
even it had a big drop, it did go back over the trendline.One thing I noticed that the drop was going to the trendline I was drawing in green at the beginning of the raising trend, this is probably just coincidence as it only happened once ;-)
Currently I see it resting a bit on the 990 - 1k resistance and drifting sideways a bit
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.