We will analyze ETH, which is gaining a lot of attention now.
It dropped sharply in the latest plunge market, but the repulsive force from there is also strong and suggests that there are still more buyers.
Protecting the important lines of $2,000 and 100MA, the situation is showing a V-shaped recovery.
This momentum is up to the next conscious point of $3,200, and may continue and rise with support from 5MA.
At $3,200, the horizon or 20MA could act as a resistance line, but after passing through here, it soars to the latest high of $4,400.
Reports that the daily trading volume exceeded BTC that institutional investors are paying attention. It seems that the rising market will continue.
It dropped sharply in the latest plunge market, but the repulsive force from there is also strong and suggests that there are still more buyers.
Protecting the important lines of $2,000 and 100MA, the situation is showing a V-shaped recovery.
This momentum is up to the next conscious point of $3,200, and may continue and rise with support from 5MA.
At $3,200, the horizon or 20MA could act as a resistance line, but after passing through here, it soars to the latest high of $4,400.
Reports that the daily trading volume exceeded BTC that institutional investors are paying attention. It seems that the rising market will continue.
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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.
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.