ETHUSD doesn't look nearly as strong as the other names, but I digress and let's see where this plays out. This 15-min Chart is simply elaborating on the current change in direction, highlighted by tagging the outside of the 50 period band @ 3.2 (again, 15-min time frame), and the downward slope of the lower band seems to be supporting this notion as well as some support and resistance areas - lots of noise going on.
To think otherwise would imply a crystal ball.
Let's see how it plays out - look at higher time frames. I'm presently sidelined on ETH.
If you want to trade more effectively, visit a link below.
To think otherwise would imply a crystal ball.
Let's see how it plays out - look at higher time frames. I'm presently sidelined on ETH.
If you want to trade more effectively, visit a link below.
Comment:
possible we get a bit of sideways trading for a bit while this compresses for a next move.
Comment:
15min chart: short term volatility/downward move (14 Bands) supported by the slope of 100 Bands with support nearby
Comment:
Re-enters 100 Band on the Time Frame, and reverts to the mean. See where it goes.
This is the 50 Period and 100 Period @ 1.2 Stand Deviation