Ethereum (ETHUSD): Trend Change Criteria And Key Levels
Diupdate
It's been a long time since I posted ETH ideas. The last one was quite successful as it called to open short position just below $287 level: 
Now we see that the correction took form of a Flat pattern (3-3-5). It doesn't look impulsive, so there is no immediate threat to the main trend, which remains uptrend. On this chart I apply modified Schiff pitchfork as most accurate price channel. We need to see the break of its boundaries to change the short-term trend to uptrend. Until then, it remains neutral. Taking into account the sharp rise of the last 3 days (89% from low to high), I expect a pullback to levels drawn on the chart. That would be natural.
Also keep track of my BTCUSD idea, as the two currencies now have 93% correlation:
Now we see that the correction took form of a Flat pattern (3-3-5). It doesn't look impulsive, so there is no immediate threat to the main trend, which remains uptrend. On this chart I apply modified Schiff pitchfork as most accurate price channel. We need to see the break of its boundaries to change the short-term trend to uptrend. Until then, it remains neutral. Taking into account the sharp rise of the last 3 days (89% from low to high), I expect a pullback to levels drawn on the chart. That would be natural.
Also keep track of my BTCUSD idea, as the two currencies now have 93% correlation:
Catatan
Unlike BTC, ETH has been stuck within its range. No breakout from the pitchfork channel just yet.
Сервис: NixService.net
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.