ETHUSD (Volume Analysis Prediction 3/26/2018)
Signal: out of positions
The coin, like the main part of the market, continues to descend
Now ETH is at the beginning of growth, this is a zone with a very high potential
But the lack of volumes is alarming, this reason makes aggressive purchases dangerous.
In this situation, it is better to wait for confirmation of the trend reversal:
(anomalously high volume, break out the last top of the downtrend, break out the downward trend line)
It is important to understand that in case of a reversal this will not be forced growth,
it will be a slow growth (the investor must again believe in the market) with gradual acceleration
For the growth of ETH, it is important that the entire market begins to recover
In my opinion, the entry point should be searched:
After price break out the last top of the descending trend (zone @590 - 610)
Or at the extreme point, where a rollback from the current zone is still possible, you have little risk,
and great prospects for profit (zone @ 415 - 395, stop 375)
The coin, like the main part of the market, continues to descend
Now ETH is at the beginning of growth, this is a zone with a very high potential
But the lack of volumes is alarming, this reason makes aggressive purchases dangerous.
In this situation, it is better to wait for confirmation of the trend reversal:
(anomalously high volume, break out the last top of the downtrend, break out the downward trend line)
It is important to understand that in case of a reversal this will not be forced growth,
it will be a slow growth (the investor must again believe in the market) with gradual acceleration
For the growth of ETH, it is important that the entire market begins to recover
In my opinion, the entry point should be searched:
After price break out the last top of the descending trend (zone @590 - 610)
Or at the extreme point, where a rollback from the current zone is still possible, you have little risk,
and great prospects for profit (zone @ 415 - 395, stop 375)
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.