ETH on the Daily-- Possible Short before Long
This goes against what I want to have happen here, but looks we could drop back down to below $1K on ETH, maybe $900 region if correct.
--Bearish Divergence on the daily aligned with at least 3 indicators I use
--Bullish sentiment everywhere-- predictions up to $1500 or a pullback to $1100-
--4 hour 20 and and 50 MA bearishly crossed each other with 4hr RSI starting to get topped out.
--My thoughts right now are that we continue up $1400-$1450, then begin a descent down with a pause/bounce 1,100 S/R, then continue to the greenbox area where the daily 50MA, strong S/R, and a fib level coincide.
If that happens, of course, that would be a buy signal. Long term, I don't think you can go wrong at any of these levels.
--Bearish Divergence on the daily aligned with at least 3 indicators I use
--Bullish sentiment everywhere-- predictions up to $1500 or a pullback to $1100-
--4 hour 20 and and 50 MA bearishly crossed each other with 4hr RSI starting to get topped out.
--My thoughts right now are that we continue up $1400-$1450, then begin a descent down with a pause/bounce 1,100 S/R, then continue to the greenbox area where the daily 50MA, strong S/R, and a fib level coincide.
If that happens, of course, that would be a buy signal. Long term, I don't think you can go wrong at any of these levels.
Order cancelled:
No real short before long occurred on this timescale