In technical analysis, flexibility is essential.
In Ethereum, we are going to switch the time frame to a daily chart. By doing so, it allows us to look at the 200-day moving average. In equities and bigger asset classes, the 200-day moving average can be significant. Catching a burst above the 200-day can help you get on board with a major uptrend. Looking closely at the 200-DMA in ETH has done two things. First, it has broken above the 200-day near 206. Second, ETH has retested the 200-dma earlier this morning.
Bottom Line: The fact that ETH has retested the 200-DMA and bounced, leads us to believe a move to 240 is in the works. If ETH moves above 240, then you can say a significant bottom is in, and a massive up move is starting.
In Ethereum, we are going to switch the time frame to a daily chart. By doing so, it allows us to look at the 200-day moving average. In equities and bigger asset classes, the 200-day moving average can be significant. Catching a burst above the 200-day can help you get on board with a major uptrend. Looking closely at the 200-DMA in ETH has done two things. First, it has broken above the 200-day near 206. Second, ETH has retested the 200-dma earlier this morning.
Bottom Line: The fact that ETH has retested the 200-DMA and bounced, leads us to believe a move to 240 is in the works. If ETH moves above 240, then you can say a significant bottom is in, and a massive up move is starting.
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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.