Ethereum (ETH): 40 Days and 40 Nights
We noticed that the last rally in Ethereum (ETH) back in late October produced an important event. The 21-DMA (green) crossed above the 50-DMA (red). And then, as you know, Ethereum (ETH) fell into the hopelessly dull range.
As it turns out, this range may be a constructive development. Visually, this range looks similar to the last time the 21-day crossed above the 50-day and stayed above the 50-DMA. That was back in March and April. In that case, Ethereum (ETH) range traded for almost 40 days before the take-off in early April. If that scenario repeats itself, then December 12 would be the target date for the start of a move higher in Ethereum (ETH).
Bottom Line: Considering the listless nature of the range trade, we were grateful to find this analytical nugget. The range in Ethereum (ETH) could be a good thing. Bulls may have to bide their time.
As it turns out, this range may be a constructive development. Visually, this range looks similar to the last time the 21-day crossed above the 50-day and stayed above the 50-DMA. That was back in March and April. In that case, Ethereum (ETH) range traded for almost 40 days before the take-off in early April. If that scenario repeats itself, then December 12 would be the target date for the start of a move higher in Ethereum (ETH).
Bottom Line: Considering the listless nature of the range trade, we were grateful to find this analytical nugget. The range in Ethereum (ETH) could be a good thing. Bulls may have to bide their time.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.