๐กDon't miss the great buy opportunity in ETHBTC
Midterm forecast:
While the price is above the support 0.02450, resumption of uptrend is expected.
We make sure when the resistance at 0.03085 breaks.
If the support at 0.02450 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the uptrend #1 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.02750 on 11/04/2020, so more gains maximum to Major Resistance (0.03085) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 36.
Take Profits:
TP1= 0.03085
TP2= 0.03330
TP3= 0.03600
TP4= 0.04045
TP5= 0.04850
TP6= 0.05695
TP7= 0.06955
TP8= 0.08550
TP9= Free
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ForecastCity English Support Team โค๏ธ
While the price is above the support 0.02450, resumption of uptrend is expected.
We make sure when the resistance at 0.03085 breaks.
If the support at 0.02450 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the uptrend #1 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.02750 on 11/04/2020, so more gains maximum to Major Resistance (0.03085) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 36.
Take Profits:
TP1= 0.03085
TP2= 0.03330
TP3= 0.03600
TP4= 0.04045
TP5= 0.04850
TP6= 0.05695
TP7= 0.06955
TP8= 0.08550
TP9= Free
โค๏ธ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the ๐ LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
โค๏ธ Your Support is very much ๐ appreciated!โค๏ธ
๐ Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, โค๏ธ
ForecastCity English Support Team โค๏ธ
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