Ethereum is reaching the apex of a larger wedge it’s been operating in since January. We may see a break up or down within the next few days.
I see 2 relevant zones that may trap long or short investors, depending on which direction price breaks. A break up could quickly be halted by a supply zone between $470 and $485. A break down might be reversed if/when price hits a demand zone between $378 and $363.
In today’s video update I discuss price movement, entry and exit points I may use to trade Ethereum, traps to avoid and MUCH more. If you’re not watching my videos, you’re only getting a small part of the story.
Video Analysis:
If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or https://mentormarket.io/profile/@workin2005?aff_id=Workin2005 in order to watch.
BIAS:
Short Term: Slightly Bearish
Longterm: Bullish
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
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by Workin2005
I’m starting to be worried on the market today...it doesn’t look so well...
Let’s see what happens
Nooo, not you too @toofasteddie! You’re suppose to be the positive one. haha. 😉
I hear you...things look pretty weak at the moment.
Hahaha! Positiveness is a good therapy but we have to a little bit realistic as well. We need major news in order to move the whole market...will see
I’ve been saying that for 2 months. We’ll know new money is entering this market when we see daily volume rise above 10 billion. Until then, it’s just the same people passing around the same money.
Fully agree
Thanks, @workin2005. I watched it twice, picking up information and strategy. I'm new to this and take any opportunity I can to learn from others who seem to know what they're talking about. :-)
My pleasure @bananamemos. Best of luck.
Good analysis
Thanks @abhijeetcg.
In my opinion...
😉
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