Txt Tradingview Tweets Bullish Chart for Ethereum

Robert Patrinjei

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TradingView has shared a chart on Twitter which indicates that Ethereum is in a consolidation stage, and a sharp rise is about to come in the short-term.


We will have a look at the chart and also look for other possible bullish indicators.

Chart shared by TradingView on Twitter:



The above chart represents the 4-hour timeline and it indicates an upcoming consolidation of the 50 EMA in the range of the 200 EMA. If we look at the previous EMA consolidations, we can see a decent price surge after each consolidation. I don’t think the chart above is enough, so we are going to look at some more signs.



If we have a look at this daily chart, we can see a bull flag formation, a bearish EMA cross rejection, and the RSI trying to get back in the oversold area.

Given the signs above, there is no doubt that we should expect a decent price surge pretty soon, however, we should stay cautious since we haven’t seen a good correction in a while.

In conclusion, it looks like ETH is in the accumulation phase, however, we should have stop-loss orders in, just to be safe.

If the bullish scenario plays out, we could be looking at a $360-400 Ethereum.

As TradingView said:

“bulls should be happy with this”

NOTE: This is not financial advice, the reader must do his own due diligence before investing in any type of asset.

The post Tradingview Tweets Bullish Chart for Ethereum appeared first on Altcoin Buzz.

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