ETHCAD trade ideas
Major confirmation of a ridiculous takeoff in sightFolks, I cannot be cleared, the candles don't lie, it's gonna blow to 350 in no time. if your money ain't in it you gonna cry tears of sorrow. China is looming, there's less than 17 hrs left until they are in the market.
don't panic!A healthy retreat before the mayhem errupts, don't forget china is on the horizon with one of its major platforms to release ETH, that will drive big volumes! now, to the technicals, a slight retreat to the ~265 before the next runup, the RSI looks healthy enough to retreat for 50%. the stars align for Wednesday's breakout right at the cross of major support from previous troughs.
Breakout in sightWith the news that China soon to start trading #ETH as of beginning of July 1st it's no surprise that the stars start to align, looking a the technicals; the support line crosses with resistance ~ wed. which should be a great fuel for next breakout. We just need that RSI to come down below %50 for extra assurance and volumes would start rolling in real quick!
Classic Cup and Handle Looks like correction turned to upside after a classic cup and handle, another indicator that we may be approaching another rally; confirmed by positive momentum on MACD and RSI is above 50%. Another big indicator is the crossing of the 52 day SMA, we should see a little bounce around the SMA before a potential breakout.
Buy wave hourly. Don't even know if these things trade on techBuy wave hourly. Don't even know if these things trade on tech.
