Ethereum Enters Accumulation Range

Similar to the BINANCE:ETHBTC Chart, BITFINEX:ETHUSD has broken free of a key trendline that has been suppressing price since it's '18 highs.

Breaking free of this represents a change in trend... but not so fast. This doesn't necessarily mean the bull market for cryptos have begun, but it is definitely time to start considering buying your favorites. You'll have to make that decision for yourself.

We see an oversold condition on the RSI , which shows low investor interest in Ethereum . Keep the RSI in mind if you're the type to buy low and sell high.

We can also see that we have a cross of the 100 and 200 weekly MA. This represents extremely depressed prices and is typical during a mid to late cycle bear market. These moving averages are far removed from the current price and it shows how much upside potential there truly is for ETH. These moving averages will act as heavy resistance in this market.

What we need to keep in mind is the range that ETH is currently in. The upper end of the range is $205 while the lower end is $78. If you are playing Ethereum for dollars, consider selling into resistance at the upper end of this range and buying at the lower end. It's likely that we will bounce around these levels for months on end.

Accumulation ranges are what institutional-minded investors live for.
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 價格 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表解決方案 尋求幫助 功能請求 部落格 & 新聞 常見問題 維基 推特
概述 個人資料設定 賬戶和賬單 尋求幫助 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出