You are viewing a single comment's thread from:

RE: Latest Ethereum Price And News Update 22-09-2018

in #bitcoin6 years ago

Let's try to look at ETH also. I rarely trade other cryptocurrencies rather than bitcoin with leverage.

Looking at the weekly charts; market showing thrusting action here. Weekly trend is down. The market has taken the stops below 196 and now showing a pullback. There are more stops lower below the 132.

ETHWeekly.png

On the daily; market testing agreement resistance zone at 250 recently. There is another good agreement resistance zone higher up at 287. These are the resistances that we wıll be looking at so keep a close eye on it. After such a down thrust on weekly; you can expect that first or second resistance to get sold.

ETHDaily.png

Zooming down to 4hr chart; We see poor DP on sell signal. We have good agreement and confluence support levels. This can be risky to long the market with weekly down thrust and trend against us but I m still expecting the market to see the 287 retracement first and then shows a decent pullback. So If you prefer to long the market at 4hr at appropriate support levels you need to drop lower timeframes to watch for dynamic pressure. If you cant get it you need to look for ways to exit the position immediately.

ETHH4.png

Note: Please re calculate all fib levels on your trading exchanges.!

Sort:  

what is this can you explain me ??

Flagged for bid bot abuse @steemflagrewards

Steem Flag Rewards mention comment has been approved! Thank you for reporting this abuse, @hanen.

  • bid bot abuse
    You bought votes to increase the rewards of your post above the value of its content. This post was submitted via our Discord Community channel. Check us out on the following link!
    SFR Discord

You got a 9.89% upvote from @emperorofnaps courtesy of @askquestion!

Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.033
BTC 63042.71
ETH 3175.48
USDT 1.00
SBD 3.81