ETH reached and exceeded the target prices that had marked in the previous chart. It has psychological resistances in USD 700.- and in the ATH. When the flag breakout occurs, it will continue its bull run reaching and exceeding the value of 1K.
Ethereum is short at the moment, take a look at my analysis.
AndresThomasShirakawa
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@Crypapi,
I give you the following advice:
You are doing a 30-minute chart
You're doing it against Finex
And above all things I do not understand anything that you graphed.
Mixed bullish patterns with bearish patterns.
And no matter how bad the TF is, notice that you have an inverted H & S (bullish)
Crypapi
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@AndresThomasShirakawa, so far so right ;) What have you done? Flag pattern? haha basics
cmschlch
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@AndresThomasShirakawa, Hi, could you please explain, what you mean by saying: "You're doing it against Finex".
Why isn't finex good for analysing ETH Charts? (i'm asking because i always their charts)
Thanks for your help!
Crypapi
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@cmschlch, He is clueless my friend, he just dont know what he's talking about- using different chart laoyout and putting a flagpattern to look experienced.
Crypapi
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@AndresThomasShirakawa, 90% of traders analyze bullish 10% bearish, 90% av traders are wrong, 10% are right ;)
When do you expect the breakout to occur? (What price) and do you think price will move straight toward 1000+/- or would you expect some back testing first?