Bad news from China?
Bad News from Korea?
Bad news from Russia?
KEEP CALM and look at the charts below....
BITCOIN
MEDIUM TERM
Daily chart
Trend is still positive and look at MACD - an indicator that provides information on trend direction - it gave a clear buy signal on medium term.
Today's candle is part of a consolidation period neeeded after the rise of last days; it can go on in range 3980$ - 4300$ for some time without any risk for medium term uptrend (green area)
SHORT TERM
1 hour chart
A lot of noise, but short term trend is still positive, even if the price is moving on the lowest part of the channel.
It's important to monitor support at 3980$, that could represent a key level for the future.
Looking up, next resistances are:
- 4368$
- 4678$
- 4965$
ETHEREUM
MEDIUM TERM
Daily chart
Same situation of Bitcoin on MACD indicator: BUY SIGNAL.
Positive trend is still respected, with price sustained buy the dynamic support (green area), that should be carefully monitored.
Next resistances are:
- 336$
- 389$
SHORT TERM
1 hour chart
We are in a sideways trend, with a lack of relative strenght, if we compare Ethereum to Bitcoin.
In this situation it could be better to wait for a clear signal (up or down) given by a breakout of support (274$) or resistance (313$)
Comments are welcome!
Bad News from Korea?
Bad news from Russia?
KEEP CALM and look at the charts below....
BITCOIN
MEDIUM TERM
Daily chart
Trend is still positive and look at MACD - an indicator that provides information on trend direction - it gave a clear buy signal on medium term.
Today's candle is part of a consolidation period neeeded after the rise of last days; it can go on in range 3980$ - 4300$ for some time without any risk for medium term uptrend (green area)
SHORT TERM
1 hour chart
A lot of noise, but short term trend is still positive, even if the price is moving on the lowest part of the channel.
It's important to monitor support at 3980$, that could represent a key level for the future.
Looking up, next resistances are:
- 4368$
- 4678$
- 4965$
ETHEREUM
MEDIUM TERM
Daily chart
Same situation of Bitcoin on MACD indicator: BUY SIGNAL.
Positive trend is still respected, with price sustained buy the dynamic support (green area), that should be carefully monitored.
Next resistances are:
- 336$
- 389$
SHORT TERM
1 hour chart
We are in a sideways trend, with a lack of relative strenght, if we compare Ethereum to Bitcoin.
In this situation it could be better to wait for a clear signal (up or down) given by a breakout of support (274$) or resistance (313$)
Comments are welcome!
Comments
Post a Comment