ETH: Perfect Equilibrium! Break Coming.
ETH has a perfect Equilibrium ongoing on the 4H currently.
On the Daily we will see a nice non-linear trendline keeping the lower Highs:
Conclusion: ETH is descending just like grandpa Bitcoin. Break in either direction could see big follow-through.
If you're interested in learning & appyling this knowledge as a real trader by yourself, just let me know! ;) If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education 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.
On the Daily we will see a nice non-linear trendline keeping the lower Highs:
Conclusion: ETH is descending just like grandpa Bitcoin. Break in either direction could see big follow-through.
If you're interested in learning & appyling this knowledge as a real trader by yourself, just let me know! ;) If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education 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.
Related publications
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.