TA:
ETH 12H bounded from lower KC band last night and remained inside the lower KC/BB channel. The current linear regression price channel for the ETH 12H period shows a reasonable low as $1,250 (which lines up currently with the KC lower band) and a reasonable high of $1,320 (which lines up currently with the KC middle band).
Please note the linear regression price channel is designed to remove outliers and display a reasonable period of high/low. That being said, the channel can move (repaint) in the period depending on high volatility.
TTM Squeeze histogram shows we are now 2 bars into the upper side of the histogram, which is very bullish. However, the red dot indicates a TTM Squeeze is present and has been present for the last 4 bars (including this period). A TTM Squeeze is when one or more of the outer KC bands are within the BB channel. Typically when the squeeze is released the price will breakout and touch the outer bands. The current TTM Squeeze histogram value and the MACD play a large role in determining which direction. Currently, the TTM Squeeze and MACD show upward price momentium. It's recommended to keep a strong eye on 12H when a squeeze is present as it can easily release presure in either direction.
ETH 12H MACD histogram showing two bars of downward momentium. However, it also shows recent history of flip flopping dark green to light green which indicates the TTM histogram should be used instead.
DB Vix Fix on ETH 12H no longer has the oversold (death) cross displayed. However, no crosses are displayed on the bottom of the histogram which indicates a strong floor is not yet present on the 12H. In other words, the upward price action could be short lived.
DB Scored KCBB%D TTM MACD STOCH VF shows a buy 2 sell -3 score with a net score of -1, which is bearish at present.
Price appears to have enouph momentum to test the ETH 12H BB middle. Time will if it reaches the BB middle if it can continue to the KC middle or get rejected hard back to the bottom of the KC/BB channels.
ETH 12H bounded from lower KC band last night and remained inside the lower KC/BB channel. The current linear regression price channel for the ETH 12H period shows a reasonable low as $1,250 (which lines up currently with the KC lower band) and a reasonable high of $1,320 (which lines up currently with the KC middle band).
Please note the linear regression price channel is designed to remove outliers and display a reasonable period of high/low. That being said, the channel can move (repaint) in the period depending on high volatility.
TTM Squeeze histogram shows we are now 2 bars into the upper side of the histogram, which is very bullish. However, the red dot indicates a TTM Squeeze is present and has been present for the last 4 bars (including this period). A TTM Squeeze is when one or more of the outer KC bands are within the BB channel. Typically when the squeeze is released the price will breakout and touch the outer bands. The current TTM Squeeze histogram value and the MACD play a large role in determining which direction. Currently, the TTM Squeeze and MACD show upward price momentium. It's recommended to keep a strong eye on 12H when a squeeze is present as it can easily release presure in either direction.
ETH 12H MACD histogram showing two bars of downward momentium. However, it also shows recent history of flip flopping dark green to light green which indicates the TTM histogram should be used instead.
DB Vix Fix on ETH 12H no longer has the oversold (death) cross displayed. However, no crosses are displayed on the bottom of the histogram which indicates a strong floor is not yet present on the 12H. In other words, the upward price action could be short lived.
DB Scored KCBB%D TTM MACD STOCH VF shows a buy 2 sell -3 score with a net score of -1, which is bearish at present.
Price appears to have enouph momentum to test the ETH 12H BB middle. Time will if it reaches the BB middle if it can continue to the KC middle or get rejected hard back to the bottom of the KC/BB channels.
Comment:
*ETH 12H bounced from lower KC (sorry for typos)
Comment:
ETH 4H currently testing KC middle
Comment:
ETH 12H has overcome the KC middle. If upward momentum continues, it's likely to test the KC middle next at $1,350.
Trade closed: target reached