Scan Analyze and Trade altcoins across exchanges
Crypto Market Performance: LINK, ETH, VLX
We also demonstrate how to create a market scan that detects coins in uptrend that pulled back from a recent ATH.
Ethereum (ETH) – technical analysis:
Trade setup: Descending Triangle
Consolidating in a Descending Triangle, which is nearing a pinnacle, hence a breakout is imminent.
Support trendline of the triangle is at $3,500, which the price has respected several times in recent month and lines up with 200-day MA, which gives it more robustness.
Price could break out in either direction. Bullish breakout (above $4K) could take the price up to $4,500, while a bearish breakout (below $3,500) could sink the price to $3K.
Trends are mixed although long-term, it’s still in Uptrend. (set a price alert).
We teach these trading techniques and risk management in our Trading Education Program (10 webinars + 3 months of Premium plan).
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