If ETHUSD (Ethereum) manages to move and close above EMA50/EMA100 (~$132), we are likely to see some additional bullish action.
This is due to the fact that we just had a "fake breakdown", marked with a green square on the chart. If prices close above resistance, it is highly probable that Etherum will move up.
Conditions for change If prices drop and close below $128, the above signals become invalid and a new analysis is needed.
1 year charts show a huge death cross and rsi below 50 for quite a while indicating a bear market. how on earth any one can be bullish righ now is beyond me as yearly death crosses have never been wrong. like ever..
XXII78
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@dead4586, And this is a 60 minute chart, which indicates a possible bullish surge in that time frame. You'll get your dump soon enough... :)
dead4586
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@XXII78, fingers crossed man :). I guess ive always been more of a long trader like 6month to 1 year positions.
AlanSantana
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@dead4586, It takes 1 year for each new candle to be printed... There is always an initial bounce after a death cross before the drop.
dead4586
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@alanmasters, on the 1 year chart? I was pretty sure it took a month for each one. like each candle represents a month high, low, open and close. but yes ive noticed the bounce the last few crosses aswell, im guess that's what most this is. ima terrible trader tho lol :)
@Trendymanners, sorry man i dont post TA. but you can see it on the one year chart zoomed out a bit. just use DEMA or even just MA 50/200/75. every time theres a yearly deathcross its decays the price including rsi below or around 40. its a decent indicator for bear/downtrends... couple that with stock dropping and fear id say we due for a bit of a drop at some point. if ur talking about the candle thing just click the 1 year chart and youll see each candle clears represents a month where the stick is open and close and the wicks are highs and lows..