MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Ethereum Bullish Engulfing Attracts Buyers

ETH/USD has registered a false breakdown with great separation below the immediate dynamic support and now is almost to print a bullish engulfing pattern. This pattern could signal that the downside is over and that the bulls could take full control again.

ETH/USD has decreased a little in the short term as the price of Bitcoin has dropped as well. BTC/USD has rebounded, so the altcoins have increased as well.

ETH/USD Bounce Back!

analytics60e86db95a11d.jpg

ETH/USD has retested the weekly S1 (2061.86) and now is trading back above the ascending pitchfork's lower median line (lml). Closing the current bullish candle around these levels brings is a bullish engulfing pattern.

Stabilizing above the lower median line, within the ascending pitchfork's body could bring us new long opportunities. Ethereum could increase as long as its stays within the ascending pitchfork's body.

Forecast!

The false breakdown through the lower medina line is seen as a bullish signal. Retesting the lower median line (lml) or making another false breakdown could really bring a long opportunity with a first upside target at 2,389. The inside sliding line is seen as a potential upside target as well.

The material has been provided by InstaForex Company - www.instaforex.com