191106 ETHUSD analysis. "Shape looks right to rise, but..."
Hello, my friends. It's Cryptoranger K.
I've been quite scared of posting an Ethereum analysis recently. The current indicators and trends suggest that ETH should rise here. However, looking at the 2 day line on the 1-week chart, it seemed that it had just fallen. Obviously, the price flow moves along the 50-day line and shapes the cup, but I can't figure out how to handle the 20-day line. First of all, I expect three things.
1) ETH rises from here to $ 272 ~ 286.
2) First, the price of ETH rises from here to $ 208. Then the price drops to $ 173 ~ 184 and then rises.
3) ETH prices first rise from here to $ 208. And then going up after the price drops to $ 135.
The reason I expect this is because of the flow of MACD. In the past, MACD's Golden Cross always preceded the full-fledged rise. Still, given that the 1-week MACD Golden Cross has not come out, I am not convinced that ETH will rise here.
Another question is, "It's too easy for ETH to rise this way." The markets I've experienced so far haven't made it easy for participants to make money. So I'm more suspicious of this plausible flow.
Am I thinking too deeply? Yes. It may be. But I'm not sure about the flow, so I'll have to watch a bit more if I can't make a profit this time.
If the price of cryptocurrency goes to the moon from this place, I will no longer pay attention to the coin market.
As I watch the flow over the next few weeks, I will consider buying a MACD to create a Golden Cross and a 5 & 10day line to form a regular array and a cross to a 20day line.
This is too difficult for me to analyze.
I thought I should be quiet because this thought would hinder the trading of everyone who reads this article. But I think it's better to post in terms of perspective sharing.
I would appreciate it if you could accept my writing as one of the various points of view.
We hope you all continue trading successfully.
Thank you.
I've been quite scared of posting an Ethereum analysis recently. The current indicators and trends suggest that ETH should rise here. However, looking at the 2 day line on the 1-week chart, it seemed that it had just fallen. Obviously, the price flow moves along the 50-day line and shapes the cup, but I can't figure out how to handle the 20-day line. First of all, I expect three things.
1) ETH rises from here to $ 272 ~ 286.
2) First, the price of ETH rises from here to $ 208. Then the price drops to $ 173 ~ 184 and then rises.
3) ETH prices first rise from here to $ 208. And then going up after the price drops to $ 135.
The reason I expect this is because of the flow of MACD. In the past, MACD's Golden Cross always preceded the full-fledged rise. Still, given that the 1-week MACD Golden Cross has not come out, I am not convinced that ETH will rise here.
Another question is, "It's too easy for ETH to rise this way." The markets I've experienced so far haven't made it easy for participants to make money. So I'm more suspicious of this plausible flow.
Am I thinking too deeply? Yes. It may be. But I'm not sure about the flow, so I'll have to watch a bit more if I can't make a profit this time.
If the price of cryptocurrency goes to the moon from this place, I will no longer pay attention to the coin market.
As I watch the flow over the next few weeks, I will consider buying a MACD to create a Golden Cross and a 5 & 10day line to form a regular array and a cross to a 20day line.
This is too difficult for me to analyze.
I thought I should be quiet because this thought would hinder the trading of everyone who reads this article. But I think it's better to post in terms of perspective sharing.
I would appreciate it if you could accept my writing as one of the various points of view.
We hope you all continue trading successfully.
Thank you.