Filmed June 7
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There are a few things to look at here, mostly the usual lower high and the question of will the next low be higher or lower and a trend emerge? Could be some pattern, could break up – lets look at the details.
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We could all FOMO into a long from here, but would that be premature? Prices looking strong but then again, they would, to get to where they are now. Maybe this is the best opportunity to short in the last couple of weeks? Let’s take a look.
The upside and downside CRUCIAL levels – all you need to know in advance of ETH 2.0 with a discussion about the Staking and so forth.
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Can the price challenge the overhead resistance levels and resume the upward trend on the daily time frame or have we set in the higher high now and looking for a higher low? All of which is part of the upward trend, will prices sustain it or consolidate thereafter? 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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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… Thanks for the background – here’s the attribution link – it was a creative commons video – check it out here https://vimeo.com/404110730 – Cheers to Marius Dorus
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