اثيريومشراء
ETH, POSSIBLE GOOD BUYING AREA
Looking at the 30mins graph, we see ETH has stepped out the bloody downtrend and go sideways in the past 3 days.
We can see the price movement and the volume is very likely follows the Wyckoff Accumulation model here and especially we see a beautiful bounce from the springboard.
Is this a true base accumulation for reversal or re-distribution for further down run, nobody knows for 100% sure, But I take the bullish side, for 2 reasons:
1. we see several quick nice bounces from the bottom of the swing range which indicate that smart money is getting in those price areas.
2. the Green line, a very long-term support generated from all the way back from Nov 2017 is exactly locating right below our bottom of the swing range.
So I think now is a good place to accumulate the cheap ETH, but a safer play is waiting for the breakout of the upside($417) of the sideways channel for a confirmation.
However if we break the bottom here, we are facing the abyss, all the way down to $200
We can see the price movement and the volume is very likely follows the Wyckoff Accumulation model here and especially we see a beautiful bounce from the springboard.
Is this a true base accumulation for reversal or re-distribution for further down run, nobody knows for 100% sure, But I take the bullish side, for 2 reasons:
1. we see several quick nice bounces from the bottom of the swing range which indicate that smart money is getting in those price areas.
2. the Green line, a very long-term support generated from all the way back from Nov 2017 is exactly locating right below our bottom of the swing range.
So I think now is a good place to accumulate the cheap ETH, but a safer play is waiting for the breakout of the upside($417) of the sideways channel for a confirmation.
However if we break the bottom here, we are facing the abyss, all the way down to $200
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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.