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: 04.03.2018)
This chart I have prepared DAILY based graphics. (Each red or green bar represents a day.)
We left behind a calm week for ETH. Next week $ 835 ETH, which started at the level, continued to move horizontally throughout the week. At week closing $ 863 ETH at about 3% profit margins have been caught. Now let’s take a look at the technical situations that come in the week and let’s evaluate it.
We see ETH go up in the beginning of the week. For the first two days the bars were very positive for the rise and even the falling trend in the short period was broken. On the third day FIBO 0.382 ($ 892) we see that the resistance level works. With the light sales coming from this level, the rest of the week continued to move horizontally. Let me review this in the light of the developments.
I think ETH is positive for the medium and long movements of the continuation of the horizontal motion in these levels for a while. The elapsed times at these levels will lead to the formation of a support zone as the upward movements continue. If the current price FIBO 0.382 ($ 892) level. also to falling trend is approaching as well. FIBO 0.382 ($ 892) in the event of an upside break to falling resistance will be your resistance. to The upward trend of the trend and its persistence are very important in terms of rising. In the event of a trend breakdown FIBO 0.5 ($ 994) level will come to the agenda. Future sales from this level to may lead to a trend towards the trend. If the trend is not lowered, we can assess that there is an approval for the ascension (note that the money technique always shapes). FIBO 0.5 ($ 994) above the level FIBO 0.618 ($ 1096) level must be in our lead as resistance. If the market conditions will be adversely affected FIBO 0.236 ($ 765) our most important support point. If you pay attention to this level, you will see that you work as a very good resistance and support. And you see that the RSI indicator keeps moving with the yellow trend support that I have drawn. Under this trend, there is a potential to increase sales pressure even if it is short-term. But as a value 48 I can say that the appearance of stability continues when you are around.