prediction hourly chart

Ethereum short term analysis

By Cloudffvll7 | ETH TA | 17 Mar 2020


As the world is in total turmoil with the corona virus running rampant and the economy staring into the abyss, we all try to predict the bottom of the charts for all crypto currencies using TA and just by basic speculating.  

In my opinion TA is currently only semi-usefull since a single announcement can send the markets plummeting down reaching new lows, so keep that in mind when trying to predict the next price targets. 

BUT! what else can we do? Sit idle and watch the charts go lower...or higher? 

I'd rather actively participate and get some gains here and there. 

This is my take on the current ethereum chart (BTC/USDT shows a similair pattern). 

We see a bearish rising wedge on the short term. which is encovered by a bullish ascending triangle.

The bearish rising wedge will give us a nice buying opportunity around 109-114. 

For the ascending triangle i've set take profits at 150 (33%), 160 (33%), and 180 (34%).

Stop loss is at 100 USDT.

https://www.tradingview.com/x/ONEo8vUw/

Feel free to share your ideas. 

Happy trading!

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Cloudffvll7
Cloudffvll7

Cryptocurrency fanatic, Intermediate day trader Im still learning but earning a buck on the side with cryptocurrency day trading.


ETH TA
ETH TA

My attempt at a short to medium term price prediction for everyones favorite cryptocurrency, Ethereum.

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