EthereumShort
ETHUSD
With an impending Hardfork coming up on the 16th of January 2019, price will likely move higher breaking the current resistance.
"#Ethereum Constantinople mainnet hard fork scheduled for block #7080000, estimated around the 16th of January, 2019!"
With the above date in mind, a lot of expectation of price target in the coming week.
On the 45mins time frame, price has been spotted forming chart pattern called DOUBLE BOTTOM(EVE&EVE).
Eve is a term that describes how the bottom looks (when compared to Adam bottoms), in this case, a rounded looking and wide bottom. If Eve has spikes, they tend to be more numerous and shorter. Eve tends to widen over its height. Adam is a narrow bottom, often composed of a one-day spike. With Eve & Eve, the two should look similar (rounded).
The double bottom confirms as a true double bottom once price closes above the peak between the two valleys.
VERDICT:
BUY: $162.46
SELL:$167.78 up to $175
STOP LOSS:$158
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
"#Ethereum Constantinople mainnet hard fork scheduled for block #7080000, estimated around the 16th of January, 2019!"
With the above date in mind, a lot of expectation of price target in the coming week.
On the 45mins time frame, price has been spotted forming chart pattern called DOUBLE BOTTOM(EVE&EVE).
Eve is a term that describes how the bottom looks (when compared to Adam bottoms), in this case, a rounded looking and wide bottom. If Eve has spikes, they tend to be more numerous and shorter. Eve tends to widen over its height. Adam is a narrow bottom, often composed of a one-day spike. With Eve & Eve, the two should look similar (rounded).
The double bottom confirms as a true double bottom once price closes above the peak between the two valleys.
VERDICT:
BUY: $162.46
SELL:$167.78 up to $175
STOP LOSS:$158
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
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