ETH/USD - Short update - Erratum

ETH/USD - Short update - Erratum

By BlessPatrick | Crypto Switzerland | 24 Feb 2020


ETH/USD - 4h - Erratum

Yesterday night I sent an update on ETH that I had to correct. The middle angle trend line had to be replaced and I opens up two possibilities. The green one is the one I prefer regarding to the long term movement shown up in my long term analysis. But the red one must be kept in mind in case the consolidation fails and in that case it would be wise to adapt stop loss not to let small gains be vanished.

However, if you play the long game, it is better to look at the daily graph to realise we're only consolidating the growth above parallel channel and even a step back into that channel wouldn't be bad if it stays in it and don't fall under it. My guess is we're retesting the exit of that channel, but I would sell unless it breaks under the up growing parallel channel (which would correspond to Tenkan M break).

ETH/USD - D

For my long term analysis :

  1. ETH/USD - Ethereum better than Bitcoin !
  2. ETH & BTC - Why I am still bullish

BlessPatrick
BlessPatrick

Offering crypto and precious metals analysis from crypto valley Switzerland


Crypto Switzerland
Crypto Switzerland

Offering cryptos analysis based on the trend market. You can always ask If you have questions or analysis requirement and I'll do my best to send them as fast as possible. For instant updates : https://t.me/BlessPatrickCryptoSwitzerland

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.