ETH/USD currently still in Bull Flag, decoupled from BTC
Ethereum is inside a Bull Flag since the break of $273. We have a very nice & prolonged pole, and now we have made higher Lows at the bottom of $295 with the wicks.
We have the ceiling coming in at $314-16 with the wicks. If the bulls manage to break higher, we have clearly the big $350 previous S&R zone on the way, that I had shown you in my Macro ETH Analysis 2019
Important to mention: We have now decoupled from BTC: While grandpa Bitcoin has managed to break its Equilibrium higher, Ethereum is still underneath:
=> This leads us to automatically look out for weakness in the direct correlation, which we can perfectly see: We have build a Descending Triangle & broken it bearish:
Also here, we're at a critical stage inside the Weekly Equilibrium, which I had analysed in the Macro ETH Analysis:
Can you read the chart yourself, or are you still dependent on other people like myself to read it for you? Are you an 'illiterate in charting'? Do you have a trading plan with sheets, or are you trading from your head? Are you already making gains over the long-term, like a casino, or are you losing over the long-term, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
We have the ceiling coming in at $314-16 with the wicks. If the bulls manage to break higher, we have clearly the big $350 previous S&R zone on the way, that I had shown you in my Macro ETH Analysis 2019
Important to mention: We have now decoupled from BTC: While grandpa Bitcoin has managed to break its Equilibrium higher, Ethereum is still underneath:
=> This leads us to automatically look out for weakness in the direct correlation, which we can perfectly see: We have build a Descending Triangle & broken it bearish:
Also here, we're at a critical stage inside the Weekly Equilibrium, which I had analysed in the Macro ETH Analysis:
Can you read the chart yourself, or are you still dependent on other people like myself to read it for you? Are you an 'illiterate in charting'? Do you have a trading plan with sheets, or are you trading from your head? Are you already making gains over the long-term, like a casino, or are you losing over the long-term, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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