If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: ETHUSD Time frame: 1D What Has Happened So Far: So we have realy just been trading sideways for most of the time. I did post the other day about the Bollinger Band range tightening but I did not think it...
NEO finding strong support well above the 50-day moving average. Buy volume seems to be coming in relatively well, and the 12-day EMA on the 4-hour chart seems to be on a steady upward rise above the 9-day EMA. Lets see if momentum can be held. Note: If NEO can break through its $40 resistance level, this would clear the path to $47-$50.
Just like BTC a descending triangle too. Will it be a positive or negative break-out?
The main thing I see that makes me skeptical is the fact that the volume on the most recent run up to the high $300s was significantly lower than the 1st run, and the Volume MA for that entire period. It seems like all the new money has become complacent and isn't really buying in and the sellers are eager to take some profit. It could be all a ploy to lower the...
If we pay attention to recent history of ETHBTC we can see that it respect very well the oscilators when its oversold. Now we have a light divergency on stoch rsi. I know it is not much or means nothing for most of you guys. But I encorage you to watch closely how ETHBTC behave when oversold and the oscilators tend to signal a near long status. ETHBTC Right...
The MAs (moving averages) give us a nice signal for entry. When price moves up, it almost always stops and takes a break to digest. That is called consolidation. Buyers are taking profits and sellers are coming in, but not enough to make the price shoot up. The price hovers around the same price until the moving averages catch up. Moving averages, by nature,...
Fib trade. I'm still quite bearish ETH. With all the noise in the market with ICO's and so on, i still see the value being to high! Stop loss could be placed above the fib retrace level. Enjoy!
Lot of consolidation lately as people use their funds to buy other alts. The bull parade could be slowing down and time to take profit and return those funds to the staples, LTC, ETH, BTC. Ethereum is showing signs of building up pressure to move back up. If it breaks above the 200 MA on the 5 minute chart and the 55 MA on the 15 minute chart, then we could...