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XAUUSD - KOG REPORT - NFP!KOG Report NFP: This is our view for NFP today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’re going to keep this brief today as its very likely we won’t be trading this release unless our key levels are hit and then we may look to take a position. So far this week we’ve hit the lower target on Gold and we’ve hit the 1913-15 target on Gold. This leaves us with two values, one above and one below that we now want to target. The level above is illustrated on the chart and is around the 1925 price region, this level we feel would represent an opportunity to take the short trade back towards the lower targets starting at 1840. The lower target is an aggressive low which is situated around the 1825 region. A push on the price towards this level we feel would represent an opportunity to take the long trade back up to target the 1850, 1860 and above that 1880 levels. Just as we saw with the FOMC report we swung into our zone and the price reacted giving the short. This time we’ll wait again at the higher or lower regions and not get involved on the intraday levels, especially on a Friday! Hope this helps in preparation for NFP. Please do support us by hitting the like button, leaving a comment and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe.
FX:XAUUSD
by KnightsofGold
10
MISSION ALERT:TELL BITCOIN PUT THE MONEY IN THE BAG💰🏧Im not giving out any financial advice in this video, I am posting to track my progress and to make sure any new traders could scroll past my post and learn something new instead of being told to buy signals or follow another persons trades without actually understanding whats going on for themselves.I used to struggle as a new trader and never had any real idea of what was going on,so here you go. Banks are clearly the biggest manipulators of the market so i believe it is best to swim with the whales rather than get eaten by a shark(a.k.a. Elon Musk)😂 The concepts i trade with work in all markets and on every time frame, my only job is to be patient and the objective is to take profit!Like and comment if you agree with my post, Give me feedback so i can create better content for you guys!
BITSTAMP:BTCUSD
by GMthepipgod
1
Crypto unsettled - Will he have another ATH before next dip?Hey everyone! I can`t keep thanking enough to everyone who supports the DataMoney community and wants more interactions and more posts! Sometimes taking some time off is inevitable and within a month posts should be more frequent. Alternatively, everyone is welcome to support DataMoney on Patreon - that would allow us to grow our community faster and incentivize members to produce more quality content more frequently. Back to business: Let's recap what is happening in the market: - All cryptocurrencies continue to be super hyped - ETH hits another ATH of $2643 - Volatility jumps way up opening good day trading opportunities - Upwards trend is obviously slowing down What does all of that mean? In a nutshell, one could oversimplify and say that market ran out of gas. Larger price swings just communicate that the number of hypesters is reducing. Maybe it means that more and larger investors have closed their positions and waiting for a profitable drop? Maybe it means that there are more and larger short sellers? Regardless the higher the volatility the better for daily traders. More and more people are getting excited for that 20-30% drop that should send all cryptos down (with ETH ballpark of sub $2k) On the other hand, hyperinflation in crypto markets is still disconnected from the rest of the world. US Dollar is still surprisingly strong and given the supply and global markets are still yet to reopen. Billionaires are still stashing their billions with nothing else to do other than pour it into the crypto market. It may take another month of the bull market before we have a large correction. Upcoming week's technicals: Position likely to be short (with plenty of buy and sell opportunities!) Forecasted highs at ETH $2550 and $2650 Mid-way point at $2350 (basically anything above that point is overpriced) Forecasted lows at $2150 and $2000 (In the short term, anything under $2k is a good buy. Let's see what it looks like in 5days!) Have a great week trading! 🤑 Our DataMoney community remains active! If you would like to have early access invite to DataMoney ETH technical analysis, please drop in the comments below what was your favourite DataMoney post 😉
Short
by DataMoney
1
DataMoney strikes again! Will ETH hit a new ATH?Hello everyone! The early access DataMoney community already know that good old Mr. DataMoney is taking some time off. Sometimes life happens and we need our time off. That being said - I am flattered, shocked and honoured by everyone writing to me. It is great to read your messages and see that soo many of you love this content and genuinely missed me. Thanks again! Now, a quick catch-up: - Bulls market in full throttle. - ETH hit a few new ATH's in the last few days - Cryptos forever making more money!? Speculation: Why is this all happening? Surely many of you will have a variety of opinions. Please feel free to drop a comment down below if I have missed any massive market event. At a high level, all stocks and crypto should be going down. Uncle Sam is busy with the money printer and M1 should be sending the majority of world economies into hyperinflation. But it isn't! Weirdly enough, a lot of the wealthier world just have a lot of money that they are not spending on fine dining, showing off, luxury entertainment and travelling the world. It seems that one way or another, all of that including the variety of stimulus packages end up in financial markets! Now, this is not the place to discuss whether that's right or wrong, but the number does raise eyebrows 👀 At the moment it seems that people buy and buy in large amounts regardless of the price. A crazy speculator would say that the price will keep rising until the Covid restrictions would end and all the new billionaires would want to dust off (or buy) their jets and yachts sending BTC and ETH at least 50% down together with all the small-time investors 😈 Back to business: There are some speculations that both BTC and ETH have formed H in H&S pattern and mid-March scenario is repeating itself. It would be reasonable to expect a 20% correction in the next week or so. Today's technicals: Position is short Forecasted highs at ETH $2220 and $2260 Mid-way point at $2120 Forecasted lows at $2100 and $2050 Have fun trading! 🤑 For the next month or two, there will be fewer DataMoney posts here on TradingView. However, if you have early access invite, DataMoney community remain active and members continue to actively post and collaborating ideas! If you would like to get an early access invite, drop a link to your favourite DataMoney post in the comments down below!
Short
by DataMoney
Will Easter cause a price drop? Who will hype the market?Happy Easter for those who celebrate and happy (long?) weekend for those who don`t! ☀😎🕊 🥚🐣🐇 Many of you noticed that I did not post for a while. Thanks for your messages! There are a few reasons for that: Life, Work, Easter and JetLag 😅 Trading, data analytics and all of that good jazz is great fun. I absolutely love what we have managed to achieve at the DataMoney community. It is amazing to see that our community continues to grow, help one another and everyone profits along the way even in my absence. If you are reading this - please drop a cheerful comment for our community. They are simply great! Back to business What is going on in the market? From doom to the moon. As the ghost of BTC futures past, the bulls were charging ahead and the markets skyrocketed to a new All-Time-High! Now, Easter time puts many of those bulls behind an easter table to put on some weight instead of trading. That naturally pulls back from that super overhyped and overpriced ATH. Nothing to worry about tho, as soon as Monday and Tuesday will kick back in - we shall see some more price movement. Everyone is very excited to see if that will be a new ATH or a dip 😁📈📉 Today's technicals: Position is short 🔻 Forecasted highs at ETH $2150, $2200 Mid-way point moved to $2000! 😱 From $1650 to $2000 in less than a week! 😱 Forecasted lows are at $2000, $1950 Have fun trading! 🤑 If you would like to get an early access invite to DataMoney ETH technical analysis, write in the comments down below what in your opinion would be the best achievement for the DataMoney community members 😉
Short
by DataMoney
3
When will ETH hit a new ATH?Today is the last day of March and potential ATH for BTC ( and maybe ETH? ). What can we expect? Let's take a look at the big picture! This week started with a V-shape price recovery. Many sources said that this price action lacks reason/merit and is unsustainable, but we all know that markets can remain irrational longer than any one person can remain solvent 😂 In reality, ETH went from underpriced to way, way overpriced in 3 days. For comparison, it took 2 weeks to drop from $1800 to under $1600 and only 4 days to spike back to over $1800. It has been a long time since anything like this happened. Rationally if the price has a sudden spike up, it should go down. Currently, the market is ruled more by the news than supply/demand some believe that the news regarding Visa to accept USDC was a big one. It might as well be just an inflated hype. Please keep in mind that since Tuesday last week crypto markets have been ruled by hypesters and news. Again and again, we have seen technical analysis rendered useless. What's happening today? Bull market at full throttle! The market is hot and hypesters are pushing very hard for new All Time Highs (ATH) for both ETH and BTC. It is also the last day of the month therefore common sense would suggest that traders will push hard to close with another record sale. The overall situation should remain similar as yesterday - market technicals suggest a retrace and the market is likely to be heading in a different direction. Today's technicals: Position should be Short (and the price actually dipped since our early access TA!), but I mark it as Long-ish as traders are very likely push for ATH Forecasted highs at ETH $1900 and $1960 Mid-way point jumped to $1750 Forecasted lows at $1750 and way below, however unlikely to get under $1700. Have fun trading! 💸 If you would like to get early access invite to DataMoney ETH technical analysis, write what was your most successful trade in March! 😉
Long
by DataMoney
Market is consolidating. Will ETH go up or down?A moment of tribute. I would like to thank all of DataMoney fans and followers, without your interest and support this would not be possible. DataMoney now has over 540 fans and followers, our community growing strong. Thank you! 🏆 A quick overview of the market - Half of the week, the 22-24 of March, continued with way prolonged H&S pattern and had a sharp drop on Wednesday the 24th🔻 - BTC again dominated the headlines as hypesters kept hyping BTC and the news of expiring BTC futures came crashing in with analysts and institutional investors predicting sharp price declines for the rest of the week. - BTC futures doomsday never came to be and on Friday the price kept ticking up slowly and steadily instead of the massive volatility and price drop that the majority of traders were expecting 🙈🙊🙉 What happened? No one knows... BTC futures crisis did not come to be. Contracts were settled on Friday without any major fluctuations in the market. Was there a reason for that? Maybe it was just a case of hypesters trying to pull a quick one on the majority of the market? If any of you have any good insights of articles to share why BTC did not drop 20-30% last week - please share in the comments below! Regardless, the weekend price movement raises doubts. On Friday, almost guaranteed market decline takes a U-turn with periodic high volume ticks rising price and many eyebrows. Maybe it was just whales and/or institutional investors reopening closed positions? We all know that the crypto market is not regulated, however, situations, where a few reap a massive profit at the cost of all the rest, reopens discussions of market manipulation. What's next? Many traders taking more and more time off. Looking at the weekend data it seems that it was a good test for what direction the market is going. ETH price remained more or less stable within about 1.5% fluctuation up or down. Where daily traders work very hard to make a decent profit every day, 1% profit or loss is just not worth the hard work. Given that last week price was dropping, it should have given a chance for the price to pick up during the weekend. The fact that it did not, just shows that there may not be that much demand at this price level. It is likely that today will be price exploration, the price will rise a little then likely to drop towards the mid-way point. Market is consolidating. Today's technicals: Position is Long (at least until it reaches forecasted high and then short at least until it bounces back to mid-way point) Forecasted hights at ETH $1760, $1800 Mid-way point at $1650 (that's right! ETH is overpriced this whole weekend!) Forecasted lows at $1660, $1650 and less likely $1600 Have fun trading! 🤑 If you would like to get an early access invite to DataMoney ETH technical analysis - write "I made money today" or "I did not make money today" in the comments down below 💸😉
Long
by DataMoney
3
Friday FOMO! How to close your week with profit?Happy Friday! 🥳 I am sure all of you are excited to see what this first quarterly futures expiration will bring to the market 😁 Yesterday was an intense power struggle between hypesters and market news rendering all technical analysis useless. BTC showed up strong to lead the fight and had a massive dump handed to it. Overall alt-coins were performing better than BTC with everything ranging from ETH to XRP outperforming BTC. Back to ETH... At a macro level it is declining. Surprisingly, regardless of yesterday's dump, at micro level ETH is showing signs of recovery. Although truth to be told - it is very likely that TA will be out the window again with FOMO taking over the market. One way or the other, BTC is at the centre of attention and will ultimately dictate the course of the whole market today. Internet is full of analysts and institutional investors who are threatening to exit their BTC positions and forecasting a massive decline. Some range from 20%-30% decline all the way to wild "dooms-day" type of forecasts of BTC losing 50% of its value this week 😱 Unfortunately, any larger BTC dips or dumps will affect the rest of the market, therefore ETH is expected to decline as well. May the odds be with you shorting the market! 🎯 Today's technicals: Position is Short Forecasted hights at ETH $1650, $1700 Mid-way point at $1670 (That's right, this week ETH lost ~10% of its value and keeps dropping!) Forecasted lows at $1580, $1550 and $1520 Have fun trading! 🤑 If you would like to get early access invite to DataMoney ETH technical analysis - write what would you do if you would make over 10% profit shorting ETH today! 💰
Short
by DataMoney
1
When will ETH jump above $1700?Here comes another ETH TA! 🥳 Yesterday was AMAZING. For the first time in about 2 weeks volatility jumped and people who follow my TA's made a nice profit! Thanks for all of the messages, I am excited to celebrate your 7-10% single-day profit! Congratulations! 💰 What happened? As most of you are well aware, for the last 2 weeks ETH market went stale and many people were turning away as 1% profit or loss was not motivating. Yesterday, finally, the last attempts to hype the market ran out of steam and after a small rise of the price, both ETH and BTC dropped over 10%! We have explored this in my last post "When will ETH drop under $1600?". What will happen next? Currently, the market is bouncing at ~$1600 mark. It seems that ETH has completed it's H&S pattern and the key question is - where will the market go next? The new pattern should unfold itself today or tomorrow. For the most immediate future (next 5-6 hours) the price should rise. UK and US markets will open to wildly discounted BTC and ETH, and buying any of them will drive both of their prices. There is some potential to revisit $1715 before it starts dropping again. $1550 seems to have formed a strong resistance, therefore towards late evening/night price might attempt to retest that price level. Regardless, let's hope that market hypesters will jump right onto this volatility opportunity and keep it alive for at least a few days. More volatility = more profit! 💸 Keep an eye on the ball towards the end of the day as the price can take any direction! Today's technicals: Position is Long Forecasted highs at ETH $1715, $1735 and $1750 Mid-way point at $1715! (the 12hr gap between the current price is wild compared to the last 2 weeks data!) Forecasted lows at $1550 and unlikely $1500 (at least for the next 5-6 hrs). Have fun trading! 🤑 If you would like to get an early access invite for DataMoney ETH technical analysis, write "ETH is going up!" in the comments down below.
Long
by DataMoney
4
When will ETH drop under $1600?Today's post is short and sweet, I hope you will enjoy it! 📰 Wednesday is here and it seems that ETH is about to complete H&S pattern. The market indicates some level of excitement, however, at this point, there is no clear data on which way the market will turn. All-day yesterday the market was really pushing for a breakthrough upwards and have been rejected at least a dozen of times around ETH $1715 mark. There was an attempt to break below $1650 and it bounced right off it. At a Macro level, market is 💯% declining in line with the H&S pattern that we have been discussing recently. At a Micro level, the situation is a lot less appealing. Strong signs of the market slowing down, volumes and volatility dropping. 1% uncertain profit or loss is turning traders away into seeking other, more exciting opportunities. Today's technicals: Position Short-ish (as you may have noticed, for over a week the market is ~50/50 with no significant wins/losses, low volatility with a slow decline at a Micro level) Forecasted high at $1720, $1760 Mid-way point at $1760 (meaning that ETH although discounted, keeps dropping) Forecasted lows at $1650, $1630 and $1600 Have fun trading or taking a day-off! 😎 If you would like to get early access invite to DataMoney ETH technical analysis, write what other more exciting opportunities are you trading today 💰
Short
by DataMoney
1
How low will ETH drop? An overview of this and last weekFirst of all I would like to take a moment to say thank you to all of my fans and followers! It is hard to believe, but DataMoney already have over 500 followers! Our community is growing and everyone is excited to see what the future holds! Fun fact - If my post says that ETH will go up, I get 3x more views and 3x more likes compared to neutral or price drop posts 😅 As many of you have noticed, there were fewer posts last week. That is mainly due to 2 reasons: 1) It has been just silly busy the last couple of weeks here. You must have noticed this in my last posts. 2) Last week was a slow-burner. Basically, after you have read my last Monday's and Tuesday's posts "Will ETH follow H&S formation? Get ready for price action!" and "ETH is going down. Opportunity to short", you already had all the info needed for the rest of the week. Macro and Micro level data remained more or less the same for the rest of the week. Market stalled and many traders just took 4-5 day long weekend off 😎 A quick recap On Monday, 15th March, we confirmed that ETH is forming a Head and Shoulders pattern and it seems that strong resistance has formed around $1750 and $1730, we were getting ready for price action! On 16th, we draw to attention a possible worst-case scenario of a stale market. Where too many constraints prevent the price from moving up or down, it can make the rest of the week a bit difficult by pushing ETH into limbo. Unfortunately, that is exactly what happened. On the 18th we went for a long weekend with "kumbaya" till the market drops below 1700 at the start of this week and here we are. This week Both Macro and Micro level data suggest a further drop of ETH price🔻 It is unclear at the moment what will be the bottom, however, $1600 is the #1 suspect and it all depends if data would indicate any strong support formation. Although we all know that crypto markets are unpredictable, current data suggest that this pattern will continue for the next 2-3 days. In case of low volatility, we will remain at the current price range and in case of high volatility, we can end up anywhere on the price chart. As for today, we are looking at standard Mirco pattern breakout either up, if it breaks up and forms support at ETH $1660, OR down, if it breaks below $1620. The latter is more likely in line with the declining H&S pattern at the Macro level. Today's technicals: Position is Short Forecasted highs at $1660, $1690 and unlikely $1710 Mid-way point at $1780 (Yes, ETH is well discounted and at the moment it seems that anything under $1660 is a good buy, unless it drops to $1600 😉) Forecasted lows at $1640, $1600 Have fun trading! 🤑 If you would like to have early access to DataMoney ETH technical analysis, write "I am a DataMoney fan! ETH will go up!" or "I am a DataMoney fan! ETH will go down!" in the comments down below.
Short
by DataMoney
3
Happy long weekend! Will ETH continue to stall?It can be a bit demotivating to do ETH technical analysis this week. Price is dictated by BTC, ETH in limbo and both macro and micro level data is just gone stale. For those who are new to my posts, here is a quick recap of the last 4-5 days: - March 13-14th price movement indicated ETH moving into Head and Shoulders pattern. - Around March 16th ETH should have reached the low of ~$1700 to start formin the right shoulder - Volume, demand and volatility slowed down and for the last 2 days market remained stale (~1.5% price movement) - Many daily traders are taking a long weekend off as 1% profit or loss is not worth the time (compared to 8-12% profit we achieve daily on regular days*) - If H&S pattern will continue, it is very likely next week will start at around $1700-1650 point. - There are a lot of speculations regarding M1, it's effect on all global markets and if it will drive all crypto price up, however at the moment there are no clear indications of a significant rise in the next day or two. Of course, noting is set and stone in crypto markets and things can dramatically shift any second. You will need to decide for yourself if this long weekend is worth being glued to the screen 😄 Today's technicals: Position is Long Forecasted highs at $1860 & $1900 Mid-way point at $1820 Forecasted lows at $1760, $1730 Have fun taking your time off! ☀😎🍹 I am off for the next few days, see you on Monday! 🏖
Long
by DataMoney
2
How long will ETH remain in limbo? What's next?Tuesday passed uneventfully. As per my recent post "ETH is going down. Opportunity to short", we have explored current market trends and "what if" the worst-case scenario with the market dwelling into limbo. ...And the limbo is what ETH got into. Macro and Micro level data remain almost identical to yesterdays. At some point market will have to make a move, the key question remains - up or down? At the time of doing ETH technical analysis and posting market data to our Data Money early access community, ETH was at $1789 with the position of Neutral, the recommendation to Short as the market was more or less 50/50. Since then BTC dropped dragging the whole market 0.5% down. Although the price is slightly down, it seems that did not affect the market at all. Market data and price action probability remain more or less the same 50/50. Volume currently just below the recent average indicates that demand is dropping, the market is consolidating and ready for price action. What does all of that mean? Simply put - the situation is the same since Monday. The market is ready for action, just waiting for someone else to make a move. When everyone is waiting for someone else to make a move - no one moves, low volumes, low demand, low volatility and unfortunately low to none profit for daily traders. If you are interested to understand why this happens, check out my previous post below where we explored "How and why do we put ourselves into the numbers box?". Today's technicals: Position is Neutral (Many of us are shorting since $1789, but now and then market indicates more or less 50/50) Forecasted highs at $1830 & $1860 Mid-way point at $1812 Forecasted lows remain at $1730, $1700 If this is stressing you out, just set a couple of notifications in case the price move above $1830 or below $1730 and just forget it. Enjoy your day off! 😎🍹
by DataMoney
2
ETH is going down. Opportunity to shortYesterday's price action unlocked profit opportunities for Data Money followers to make ~8-12% profit. Great yields for executing 2-3 trades per day, congratulations on your wins! 🏆 The situation today seems to follow the same trend. Macro-level data suggests a continuation of the H&S pattern that we discussed in yesterday's "Will ETH follow H&S formation? Get ready for price action!" post. We all know that past performance does not guarantee future returns, however, micro-level data also suggests that ETH is likely to give another go today to break below ETH $1700! It seems that this number now is a key anchor for both macro and micro charts. Volume has levelled-off at around 72h average suggesting that the market is getting ready for price action. There is a high chance of a sharp price drop today. Overall the worst-case scenario would be another ETH limbo. In a world where the crypto price gets in a box of "too many constraints", all daily traders lose. High volatility is what unlocks your opportunities to profit 🤑 Today's technicals: Position is short (if you can keep your eyes on the ball, long and short as yesterday) Forecasted highs at $1830 & $1860 Mid-way point at $1815 Forecasted lows at $1730, $1700 Have a great day trading! 💰 If you would like to get an invite to Data Money early access TA's, post a link to your favourite Data Money post in the comments down below.
Short
by DataMoney
1
Will ETH follow H&S formation? Get ready for price action!First of all, I would like to start with a sincere thank you to all of my followers. I have received a ton of messages from people asking what happened and why all of the sudden my posts stopped. I am well and healthy, thanks 🙏 Just had a really busy week and in situations like these, we sometimes have to make a hard call on what to prioritize. Our Data Money community continues to grow and is active regardless. I am very pleased to see that people are continuing to make a profit albeit TA's turned to be a more difficult part. Back to business Crypto markets have been very active last weekend and we have an exciting start of the week. Macro-level data suggest a formation of head and shoulders pattern, it is likely that we will see nice price action throughout the week opening opportunities for quick profitable long and short opportunities. At a micro level, at the moment price is struggling between ETH $1750 and $1730. ETH price has to break below $1730 to continue on H&S pattern. Please keep in mind that ETH $1750 is a psychological number and $1730 formed strong support next to it. It may again put ETH into a box of "too many constraints" that can send the market into another few days of limbo. Today's technicals: Position is neutral . Our recommendation is to long the dip and exit before it hits the top for H&S continuation. Data Money fans with early access already know that we have opened long positions at ~$1730 this morning 💸 Forecasted highs at ETH $1830 and unlikely $1890 Mid-way point moved down to $1820 Forecasted lows at $1730, $1700 and a must buy $1660 Have a great start of the week! 🤑 If you would like to have early access to Data Money ETH technical analysis write "I like Data Money! ETH price will go up!" or "I like Data Money! ETH Price will go down!" in the comments down bellow 😉
by DataMoney
5
Friday FOMO! How to make profit shorting ETH?And here we are again, after a restless week of persuing profits we enter a Friday FOMO. That magical day of the week where traders are extra pushy to close the week with some profit. What does that mean for you and me? Let's take a look at some market data. 🕶 📊 Monday (1st of March) the start of spring and the start of the week with its all-time-low at ETH $1410. For the major part of the week, the price was slowly recovering from last weeks "grand slam". Although this week's high remains at an uncontested $1657, the "average" price for this week remained around $1550. We have explored this phenomenon with my recent post - "How and why do we put ourselves into the numbers box?". Yesterday's post "Pattern breakout. Is ETH going down?" briefly touched on the opportunity for a breakout for ETH and it definitely did go down. So will the price go up or down? What does that mean for the rest of the week? Historically, crypto price on Fridays does go up. This is due to pushy traders trying to hype the market so they could close their positions at the end of the day with extra profit. One does not need to be a prophet to foresee that it is likely to follow the same pattern today. US open (~1:30 GMT) is likely to push the price up and once positions are closed (around 5-7pm GMT) price is likely to continue to drop 🔻🔨 Today's technicals: Position is short (Data Money fans with early access already know what to expect with the likely pattern for today and this weekend!) Forecasted highs at ETH $1540 and unlikely $1600 Mid-way point moved up to $1510, meaning that it will be easier for pushy traders to move price there. Forecasted lows at $1400, $1380 and likely to go all the way down to retest ETH $1350! Have a happy Friday of trading! 🤑 If you would like to have early access to Data Money ETH technical analysis - write " ETH is going down and I know how to profit " or " ETH is going down and I want to learn how to profit " in the comments down below. All other comments are also welcome, don`t be a stranger 😎🍸
Short
by DataMoney
11
Pattern breakout. Is ETH going down?Today's post is short and sweet - nothing much has changed since yesterday. Today's pattern, however, is promising a breakout. Macro data says up, micro data says down. It seems that a psychological number of ETH $1550 is a strong anchor and the price was quite stable around that price point ever since Monday! From my yesterday's post many of you have learned why the price is in such a limbo at the moment. Volume is slightly higher compared to Tuesday and if you will look a bit closer at the numbers - these are additional sell orders. That means that demand is not picking up. Friday may bring a bit more sense of urgency as traders will try to push to close the week with a profit. 💸 Today's technicals: Position is Neutral (Data Money fans with early access already knows that we have been shorting since ETH $1570 this morning 🤑) Forecasted high at ETH $1680 and $1700 Mid-way point at $1490 (indicating price recovery) Forecasted lows at $1490 and $1470 Have fun trading! 🏓 If you would like to have early access to Data Money ETH technical analysis, write what is your favourite Data Money ETH post and why with a link in the comments down below! 🙌
by DataMoney