Just an idea but looks like ETH is due a drop soon Short

KRAKEN:ETHUSD1W

Ethereum / U. S. DollarKraken

Description

⋅ May 23, 2017 1:03 PM

Comparing against BTC's past.

Comments

lissics

⋅ May 23, 2017 2:36 PM

you could write at least one sentence to explain why

Delliks

⋅ May 24, 2017 11:17 AM

@lissics, sorry thought it was clear, I compared key periods based on high RSI and STOCH when BTC dropped massively. I wrote these on the chart.

For ETH RSI is 95 and STOCH is 89 right now. If this were BTC it would be a period where we see a drop in price.

I'm intrested to see if ETH follows the same swings as BTC.

Delliks

⋅ May 24, 2017 11:18 AM

@Delliks, Of course I'll probably be wrong :)

lissics

⋅ May 24, 2017 12:36 PM

@Delliks, thx for reply, I didn't realize immediately that it was pure technical analysis.
Cheers