hive-180870 cross-posted this post in Traders School 5 years ago


Ethereum decision time

Screenshot_20200305_142903_net.metaquotes.metatrader4.jpg

Screenshot_20200305_142842_net.metaquotes.metatrader4.jpg

The Ethereum is in an interesting position in the market.
We are in a triangle, which has been abandoned on the upper side.
The MA200(blue line) on an hourly basis was and is a first hurdle to be overcome.
Interesting is the correction if we would fall back into the triangle again, then the upper breakout could mutate to a fake.
A market wisdom says that after wrong comes fast and would make a renewed testing of the lows likely.
Let's hope for new buyers who are active above the triangle.

Translated with www.DeepL.com/Translator (free version)

Das Ethereum befindet sich an einer interessanten Stelle im Markt.
Wir befinden uns in einem Dreieck, welches auf der Oberseite verlassen wurde.
Der MA200(blaue Linie) auf Stundenbasis war und ist ein erste Hürde, die überwunden werden muss.
Interessant ist die Korrektur, wenn wir wieder in das Dreieck zurückfallen würden, dann könnte der obere Ausbruch zu einem Fake mutieren.
Eine Börsenweisheit besagt, nach falsch kommt schnell und würde ein erneutes testen der Tiefstände wahrscheinlich machen.
Wollen wir mal auf neue Käufer hoffen, die über dem Dreieck aktiv werden.

Disclaimer.PNG

Posted via Steemleo

Sort:  

Congratulations @hive-180870! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published more than 10 posts. Your next target is to reach 20 posts.
You received more than 50 upvotes. Your next target is to reach 100 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:

Use your witness votes and get the Community Badge
Vote for @Steemitboard as a witness to get one more award and increased upvotes!