What's Next for ETH
Updated
Why I choose ETH rather than BTC ? Because I think ETH is stronger than BTC from the Chart.
But, both of them have same trends.So we can do the same trading decision.
On Day Chart, ETH has bad trend, because it is facing the pressure on the upper rail of the channel. So if you are a long-term investor, it's not right time to buy.
But, on 1 hour,2hour,4four chart, We may have some chances to earn money.
4hour Chart, ETH has run above the lower rail of the channel that we should notice the supporting of the channel.
1/2hour Chart, ETH has formed the bottom divergence trend, and now is rebounding.
At the same time, I have open long on ETH contract at the price of 2849 USDT
And now ,I will notice the following chart and renew the analysis.
If you want to trade, you can log in fanbit.com
But, both of them have same trends.So we can do the same trading decision.
On Day Chart, ETH has bad trend, because it is facing the pressure on the upper rail of the channel. So if you are a long-term investor, it's not right time to buy.
But, on 1 hour,2hour,4four chart, We may have some chances to earn money.
4hour Chart, ETH has run above the lower rail of the channel that we should notice the supporting of the channel.
1/2hour Chart, ETH has formed the bottom divergence trend, and now is rebounding.
At the same time, I have open long on ETH contract at the price of 2849 USDT
And now ,I will notice the following chart and renew the analysis.
If you want to trade, you can log in fanbit.com
Note
Now,ETH is rebounding. lol
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