Ethereum Poised to Rally

Share on Facebook

Tweet on Twitter

With all the excitement in the Bitcoin market recently, I have not paid a lot of attention to Ethereum.  However, this asset deserves our attention. It is signalling that a new advance might be in the making.  Let’s look at a bear setup on long-term 2-day chart:

This bear setup from the ATH shows 2 successful tests of support at the 1st arc pair. I don’t imagine I need to explain here why this bullish.  However I want to point out that the blue arrow is highlighting a test of the 1×1 Gann angle. The 1st test of resistance was unsuccessful (from a bull point of view).  However, price is once again testing the angle as these words are being typed.  If/when we get a close above the angle, we will have a(nother) buy signal on the long-term chart.

Let’s look at the same chart, with a bull setup from the launch of the coin’s trading:Read more ... source: CryptoCoinsNews

SHARE

Facebook

Twitter

Previous articleTrump Euphoria Sets In; Small Businesses Optimism Surges Most Since 1980: What’s It Mean?
Next articleIs the ‘Zcrash’ Over? Zcash’s Price is Finding a Floor at $50

Let's block ads! (Why?)

Powered by Bitcoin Central