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Thanks! We are still in the channel, we still have our reasonable profit taking targets in mind, we still have our heads screwed on and we don’t have fear, greed or fomo in the mix. This is Rocky Outcrop, this is fomo free T.A.
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Can the price challenge the overhead resistance levels and resume the upward trend on the daily time frame or have we set in the higher high now and looking for a higher low? All of which is part of the upward trend, will prices sustain it or consolidate thereafter? There are a few things to consider and we take a look at some of those in today’s video.
The following indicators are used in today’s video:
Exponential Moving Averages:
Yellow Solid Line = 21
Green Solid Line = 55
Cyan Solid Line = 144
Purple Solid Line = 233
Simple Moving Averages:
Red Dotted Line = 55,
White Dotted Line = 233
RSI + Ema,
I also use Fibonacci Retracement tool and use the horizontal line tool frequently. I will point out patterns from time to time, primarily head & shoulders (H&S), triangles (usually equilateral or ascending/descending) and parallel channels.
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Thanks to YouTube for the audio / music in this episode.
ETH Technical Analysis with Rocky Outcrop. Thanks for joining me.
As ever check out Tradespotting for tips on using tradingview – well worth a watch –
All the best
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Background Video Christian Felber – MIGN
Ethereum (ticker: ETH) is traded across multiple exchanges and has various pairings – I primarily look at the ETH/USD and occasionally ETH/BTC pairings.
Until recently I kept writing Etherium, forgive me if I get it wrong from time to time! Old habits… Thanks for the background – here’s the attribution link – it was a creative commons video – check it out here – Cheers to Marius Dorus