Ethereum - The bottom is finally in!

9 mag

Ethereum - ETHUSD - is starting the rally:

(click chart above to see the in depth analysis👆🏻)

Finally, after dropping an expected -65% over the past couple of months, Ethereum is retesting and already rejecting a significant horizontal structure. Together with the strong confluence of support, Ethereum is now creating a long term bottom, initiating the next bullish cycle.

Levels to watch: $2.000, $4.000

Keep your long term vision!
Philip (BasicTrading)

19 mag

Trade attivo

Ethereum - ETHUSD - is nicely respecting structure:

(click chart above to see the in depth analysis👆🏻)

After Ethereum recently perfectly rejected the major horizontal reversal level, it is now retesting a minor resistance area. If the bullish momentum continues, it is quite likely that this structure will be broken and Ethereum will then target new all time highs.

Levels to watch: $4.000

Keep your long term vision!
Philip (BasicTrading)

27 mag

Trade chiuso: obiettivo raggiunto

Ethereum - ETHUSD - is about to break resistance:

(click chart above to see the in depth analysis👆🏻)

With a rally of +50% so far in May, bulls are clearly in control of Ethereum. However, looking at technicals, Ethereum was simply retesting a major confluence of support and therefore started the reversal. The overall uptrend still remains totally valid.

Levels to watch: $4.000

Keep your long term vision!
Philip (BasicTrading)