Noticed that the 2h time frame on ETHUSD seems to be giving more reliable signals so switching to it for now.
MACD showing positive divergences so watching that closely. I think we continue to walk these bands lower followed by a W reversal on the next leg down. Ideally, I would like to see the bounce of this coming low to not break the mid-line on the Bbands and then bounce right before the lower line but drawn in some exaggerated possibilities.
MACD showing positive divergences so watching that closely. I think we continue to walk these bands lower followed by a W reversal on the next leg down. Ideally, I would like to see the bounce of this coming low to not break the mid-line on the Bbands and then bounce right before the lower line but drawn in some exaggerated possibilities.
Comment:
ETH seems to have a mind of its own. Leaving stops in place if this doesn't reverse soon.
Trade closed: stop reached