Expectations are a fall.
Instructions - if trade flat or has not moved within 24 hours, take small loss or small profit.
Idea will be updated.
Trade with caution, this is not financial advice.
Entry: Market (1650-1700)
Relative Strength Index (RSI) is in the extreme over bought condition for Ethereum right now.
We are also seeing Ethereum meeting the previous all time high without surpassing it so far like bitcoin has managed to do.
I believe we will see a correction in the coming weeks with Ethereum prices retesting the previous strongest support.
I think investors should pay attention to death cross that took place in Ethereum a while ago, in this context, the possibility that the trend might reverse for Ethereum should not be ignored..
Death cross can have an effect like a short upward movement firstly and a deep correction phase for a long time.. In the technical indicators, the T3 curve may return to...
Bears will dominate the whole market for a while, but I firmly believe that these are the last zig-zags before a new market cycle..
We see wedge pattern on #ETHUSD weekly chart and I think, as I mentioned in the graphic, we will find the bottom we have been looking for for a long time.. I think the reference value of rsi 50 is very important, in this context, we...
In our last newsletter we called a bottom in BTC price and an end to the bear market.
We believe that we are now entering a consolidation period with sideways price movement.
We identified short term cycles around the 15 days MA, of approximately 25 days periods of uptrend and downtrend.
Our chart shows that the recent uptrend has ended and we are now heading...