In technical analysis, flexibility is essential.
In Ethereum, we are going to switch the time frame to a daily chart. By doing so, it allows us to look at the 200-day moving average. In equities and bigger asset classes, the 200-day moving average can be significant. Catching a burst above the 200-day can help you get on board with a major uptrend. Looking closely at the 200-DMA in ETH has done two things. First, it has broken above the 200-day near 206. Second, ETH has retested the 200-dma earlier this morning.
Bottom Line: The fact that ETH has retested the 200-DMA and bounced, leads us to believe a move to 240 is in the works. If ETH moves above 240, then you can say a significant bottom is in, and a massive up move is starting.
In Ethereum, we are going to switch the time frame to a daily chart. By doing so, it allows us to look at the 200-day moving average. In equities and bigger asset classes, the 200-day moving average can be significant. Catching a burst above the 200-day can help you get on board with a major uptrend. Looking closely at the 200-DMA in ETH has done two things. First, it has broken above the 200-day near 206. Second, ETH has retested the 200-dma earlier this morning.
Bottom Line: The fact that ETH has retested the 200-DMA and bounced, leads us to believe a move to 240 is in the works. If ETH moves above 240, then you can say a significant bottom is in, and a massive up move is starting.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。