Eth-futures
GC gold FUTURES long signalsGC gold FUTURES long signals the probability of the buy signals is much more important than sell signals, I highly recommend looking for long trades,
the red line is very important if the price breaks it with force and volume we will have i high probability that the market will touch a new peak that the never reached before, professional view.
ETHUSDTPEPR short-term Long ideaWe had a strong bullish move on HTs. The MACD on 4H is showing some bullish momentum as the RSI. On LTs we had a down trend which is over after creating HH and the Ichimoku cloud is bullish again. I am expecting a pullback to the yellow support and kind of consolidation so the RSI and MACD on LTs can cool down and another leg up afterwards targeting the daily supply zone.
NFA
ETH Futures - Will the price go up or down?This Monday morning is soo exciting! ETH has thrown quite a few jabs last Sunday driving volatility and kicking traders out of their beds 😄
Looking at the market data one could find ways to explain the dip and bounce back would be perfectly reasonable. Except for ETH futures announcement. Here it gets more complicated. You would think that positive publicity would rise ETH price, however, historically cryptos did really poorly before and right after futures released.
Therefore we have an overbought overpriced market, that should dip. Lots of publicity that should drive the price up and ETH CME futures that should drive the price down. So, which is it? Up or down? In situations like these technical data has been proven again and again useless. A major driver will be people irrational behaviour and, don`t forget, whales will never miss an opportunity to double their millions!
Here are today's technicals: Position should be short (I doubt it will be). Forecasted highs at 1700, mid-way point at 1645, support forming at 1580 and forecasted lows at 1540... Regardless of the technicals - it is really unlikely that price will drop under 1600 and there is A MASSIVE gap between 1600 and 1540! Irrationality + confusing data - I call it a price rise! 🤑 Let's see if we can make today's targets and a nice little profit for everyone reading this 💰