Updated
ETH / USD setup
It's not like you can make technicals on crypto, but I needed to see what's going on.
May, slopes and trends.
May, slopes and trends.
Note
If we have a rejection tomorrow we can see a drop. Here is comparison with BTC and their case from mid April.Note
wow, just wow. Stable, STABLE growth. In contrast with BTC, we don't see almost any volatility. I was thinking about it and the graph is just beautiful, stable. I bet the bankers love it. It's already a fact that ETH become the most 'secure' platform for miners. The stable growth, makes miners and bankers consider it for real.
Note
The daily bottom testes nicely so far this morning. I'll take it, since I don't have much of time to keep track today. Note
Ok we survive the first drop from the 120+ pricing. It took bit extra time but indeed retraced to the exit of the sine channel. Based on that retrace I consider the oscillation cycle done, so those levels are now 'secure'... Note
Our trendline seem to holding. On 27th Noontime we see oversell and 'quick' recovery, which leads me to believe that's current support level. Also the pattern seems like a Bat to me, so I added up fib retrace on those levels too see how it fits. I'm hold.
Cheers and happy trading.
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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.