ETH - The Sun May Shine
ETH has broken the major downward channel that it has been stuck in for weeks, it is currently sitting at the last major trendline that indicates complete reversal.
Breaking this resistance would mean the bearish market has come to an end.
However this line will hold a lot of resistance, meaning that a downward continuation is still possible.
Like stated in the previous chart, ETH would need some great news, and massive increase in volume.
Well we have the volume, and possibly with the upcoming activation of segwit it has led buyers to push this market up.
What to do:
Watch this line closely. A move above it would likely mean the bearish trend has ended.
If it fails to break this line, it could lead to a great short opportunity.
Good luck to everyone!!
note: the trend line was placed with 1 day candlesticks, the chart is currently in 4 hr.
Breaking this resistance would mean the bearish market has come to an end.
However this line will hold a lot of resistance, meaning that a downward continuation is still possible.
Like stated in the previous chart, ETH would need some great news, and massive increase in volume.
Well we have the volume, and possibly with the upcoming activation of segwit it has led buyers to push this market up.
What to do:
Watch this line closely. A move above it would likely mean the bearish trend has ended.
If it fails to break this line, it could lead to a great short opportunity.
Good luck to everyone!!
note: the trend line was placed with 1 day candlesticks, the chart is currently in 4 hr.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.