Ethereum Technical Analysis

Ethereum Technical Analysis
Ethereum Technical Analysis

Dear friends, here is the investment information, comments and evaluations Not in the scope of Investment Consultancy . The analyzes and evaluations I have made are based on technical data. (Analysis date: 25.02.2018)

This chart I have prepared DAILY based graphics. (Each red or green bar represents a day.)

Ethereum Technical Analysis

Next week $ 910 ETH starting from the level of unfortunately this week did not complete the level of the beginning. In the week $ 954 up to the level of the sales pressure on the market taking the nasibini $ 780 . In closing week $ 822 ETH this week 10% it was worthless. Now let’s examine and evaluate the technical situations that took place during the past week.

Next week FIBO 0.382 ($ 892) we can see that the ETH which started just above the level reached a peak when it was less than this. However, we can say that the ETH has fallen as the market improves in general terms. With two bars at this level FIBO 0.382 ($ 892) The level is broken down. FIBO 0.236 ($ 765) We are also seeing reaction from a place close to the level. The last two bars are in the middle of these two FIBO levels. Let me review this technique in light of the developments.

$ 560 ‘ from $ 980 ‘ I think it is quite normal for the market to come up with a correction in the face of this beautiful rising wave going on. If the crypto will take a general look at the money market 10% a movement is quite reasonable. the ether FIBO 0.382 ($ 892) and FIBO 0.236 ($ 765) continuing the movement for a period of time between the levels will have a positive effect on strengthening in the middle. If his movement continues this way FIBO 0.382 ($ 892) level will be our first resistance. The main layout on this level will meet us as a trendy resistance. Breaking up this level will have an effect on the acceleration of the movement. to on the falling trend FIBO 0.5 ($ 994) level must be in our lead as resistance. If market conditions are deteriorating and corrective action will continue FIBO 0.236 ($ 765) level will be our major support. Breaking down this level will bring sales pressure. In this case, the RSI indicator 30 follow-up at level (incompatibilities) will give an idea for the possible return. Currently, the RSI is on average, indicating that both directions have potential. Upwards direction will support uplift.

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