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CFD on Ethereum futures technical analysis – Will the ETH/USD quotes continue to rise?

CFD on Ethereum Futures Technical Analysis Summary

Stop.To buy Over 3300.

Stop loss: Less than 2150.

indicator signal
RSI buy
MACD buy
MA (200) neutral
fractal neutral
Parabolic SAR buy
Bollinger band neutral

CFDs for Ethereum Futures Chart Analysis

In the daily time frame, ETHUSD: D1 has overcome the resistance line of the downtrend.Technical number analysis The indicators formed a signal for further growth. If ETHUSD exceeds the latest upfractal, 3300, we will not rule out bullish moves. This level can be used as an entry point. The first risk limit is possible below the lows since July 2021. Last three fractals and parabolic signals: 2150. After opening the pending order, move the stop following the Bollinger and Parabolic Signals to the next fractal low. Therefore, we change the potential profit / loss ratio in our favor. The most cautious trader after making a trade can switch to a 4-hour chart to set a stop loss and move it in the direction of travel. If the price exceeds the stop level (2150) without activating the order (3300), it is recommended to delete the order. There are internal changes in the market that are not taken into account.

Fundamental Analysis of Cryptography-CFDs for Ethereum Futures

Berkshire Hathaway has increased its investment in banks that work with cryptocurrencies. Will the ETHUSD market continue to rise?

Berkshire Hathaway, an American investment company owned by the famous billionaire Warren Buffett, has acquired $ 1 billion worth of Brazilian Nubank shares. It is the world’s largest online bank that also handles cryptocurrencies using the Easynvest trading platform. Cryptocurrency market participants want other conservative investors to become interested in crypto assets, following Berkshire Hathaway.Recall that the previous Warren Buffett was skeptical Bitcoin And I expressed it as “rodenticide squared” (rodenticide squared). However, the reliability of cryptocurrencies is increasing. In particular, Mastercard payment systems have contracts with Coinbase to facilitate non-fungible token (NFT) transactions. Cryptocurrency and Ethereum estimates may be affected by legislation on Russian mining and crypto market regulation. It will be submitted to the Russian Government by the Central Bank of Russia and the Ministry of Finance on February 18.

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