The signs were starting to develop, but yesterday really brought the picture into clearer focus:
- ETH daily showing downside potential with RSI divergence to price
- MACD (longer MA settings) starting to cross down
My daily stop-and-reverse system has gotten me out of everything. So sitting on the side lines until things change:
P.S. This is marked as a short idea, but I never actually go short, just bearish for now. #LongOnly
- ETH daily showing downside potential with RSI divergence to price
- MACD (longer MA settings) starting to cross down
My daily stop-and-reverse system has gotten me out of everything. So sitting on the side lines until things change:
P.S. This is marked as a short idea, but I never actually go short, just bearish for now. #LongOnly
Here we can see a low volume area in ETH that could get filled out and a buying tail on the previous down day.
The buying tail was off of the previous flag structure, so this could act as a retest.
Then compare this to ADA...
And BNB...
Both ADA and BNB held above their VWAPS before pushing higher, so I'd expect to see something similar from ETH for it to go higher.
And then when you look at SOL, it's by far the strongest looking with a lot of solid volume structure showing acceptance of higher prices:
(Holding SOL)