Based on the 3-day chart, I think I can be quite relieved for the time being if the MACD makes a golden cross. I always feel safe when the MACD of 3-day chart makes the Golden Cross.
The 1-week chart shows that the rise in ETH is close, given that the MACD is just before the Golden Cross. On the other hand, based on the 3-week chart, you can see that the MACD has just shown Dead Cross. So I say even now that the ETH is starting to fall. Under these circumstances, I can hardly say positive things about whether this trend will lead to a sustained rise.
Still, the recent rise makes me feel pretty good. So I imagine the price of ETH rising to around $300, which is the highest volume of trading. But this is just a pleasant imagination of mine.
People have different approaches and perspectives when they see the same thing. This is the same when people analyze a chart. Some people approach the chart by mathematics while others view it from a humanities perspective. This is why I have failed every time I heard other people's opinions. I believe we all have our own chart interpretation. In other words, my idea is not the answer.
I make predictions but I don't trust them. I always watch the price tend and wave of MA line mainly.
In fact, I'm just a bit scared to post this chart analysis in front of experts as one of the many traders. but I just hope my thoughts will have a positive effect on someone's trade, ideas and judgment.
The 1-week chart shows that the rise in ETH is close, given that the MACD is just before the Golden Cross. On the other hand, based on the 3-week chart, you can see that the MACD has just shown Dead Cross. So I say even now that the ETH is starting to fall. Under these circumstances, I can hardly say positive things about whether this trend will lead to a sustained rise.
Still, the recent rise makes me feel pretty good. So I imagine the price of ETH rising to around $300, which is the highest volume of trading. But this is just a pleasant imagination of mine.
People have different approaches and perspectives when they see the same thing. This is the same when people analyze a chart. Some people approach the chart by mathematics while others view it from a humanities perspective. This is why I have failed every time I heard other people's opinions. I believe we all have our own chart interpretation. In other words, my idea is not the answer.
I make predictions but I don't trust them. I always watch the price tend and wave of MA line mainly.
In fact, I'm just a bit scared to post this chart analysis in front of experts as one of the many traders. but I just hope my thoughts will have a positive effect on someone's trade, ideas and judgment.