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Ethereum Trade Signals

We all know momentum was pulled out of the Cryptocurrency market starting in November of 2017. But, there are plenty of opportunities to continue to profit within the industry. So, let’s take a close look at Ethereum at the weekly and a recent daily chart.

Traders Weekly Chart

As we notice when reviewing Ethereum chart below it remains in a weekly decline with strong downward momentum.

Ethereum Trade Signals Using InterAnalyst Charts And The Evergreen Strategy 1

Traders Daily Chart

As we can see in the recent daily chart below, any trades countering the larger longterm weekly momentum should be reconsidered.

At a minimum, they should be assumed with an understanding that momentum may eventually turn a green light back to red and raise the risk level of a bullish countertrend trade. Although the bullish green lights up to July were successful, all were counter-trend rallies. Importantly, they eventually gave way to profitable long-term momentum red light shorts.

Ethereum Trade Signals Using InterAnalyst Charts And The Evergreen Strategy 3

InterAnalyst Chart Guide is free and can help you know when to take positions in your own investments.

Prosperously,

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Ethereum Trade Signals Using InterAnalyst Charts And The Evergreen Strategy