For my financial analysis, I have chosen to focus on Ethereum. In my opinion, the main trend for this cryptocurrency is bullish. I have noticed that Ethereum has had a few significant price fluctuations in the past, and it has fallen below a certain range three times before rising again to new heights. I have also observed that it confirmed a "QM pattern" which indicates a continuation of the pattern.
Based on my analysis, I see two potential scenarios for taking a long position in Ethereum. The first scenario is to enter the market at the current market price, while the second is to wait for the second level touch.
Overall, I believe that Ethereum may be a good investment opportunity for those looking to invest in cryptocurrency. However, I would advise conducting thorough research and analysis before making any investment decisions.
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.