All you need to know about ETH on March 30th, 2020 by Rocky Outcrop – Downward channel – will there be yet more downside? All our targets so far being hit: All your entries, exits, targets, risk management zones and more.
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The price was in a sideways consolidation pattern, it looked like a triangle, it met its measured move and then has come back to retest the triangle. What next? Can the price challenge the overhead resistance levels and resume the upward trend on the daily time frame? There are a few things to consider and we take a look at some of those in today’s video.
The following indicators are used in today’s video:
Exponential Moving Averages:
Yellow Solid Line = 21
Green Solid Line = 55
Cyan Solid Line = 144
Purple Solid Line = 233
Simple Moving Averages:
Red Dotted Line = 55,
White Dotted Line = 233
Oscillators:
RSI + Ema,
Stochastics
MACD
I also use Fibonacci Retracement tool and use the horizontal line tool frequently. I will point out patterns from time to time, primarily head & shoulders (H&S), triangles (usually equilateral or ascending/descending) and parallel channels.
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Thanks to YouTube for the audio / music in this episode.
ETH Technical Analysis with Rocky Outcrop. Thanks for joining me.
As ever check out Tradespotting for tips on using tradingview – well worth a watch – https://www.youtube.com/channel/UCI24I7XHA2yY4Fs-pVmplpA
All the best
Rocky Outcrop
#Trading #ETH
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Background Video https://vimeo.com/168761372 Christian Felber – MIGN
Ethereum (ticker: ETH) is traded across multiple exchanges and has various pairings – I primarily look at the ETH/USD and occasionally ETH/BTC pairings.
Until recently I kept writing Etherium, forgive me if I get it wrong from time to time! Old habits…
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