ETHUSD today analysis, 190924. Much worse than expected.
Hello my friends. It's Cryptoranger K.
Few hours before this article, the price of ETH dropped momentarily to $182 and then rose. I saw this and accepted that the future drop would be at least $182. If you look at today's spot, below is the intersection of the 20-day and 50-day lines. This is the support of the candle today. Also up there is the intersection of the 5 and 10 day lines. This is the resistance of the candle today. I expected today if the candle touches the resistance above and falls back, the end of the drop would be near $190. But in the length of yesterday's candle and today's candle, I think the strength of this drop is getting bigger and bigger. So I thought the end of the drop could go below $190. As of today's chart, the MACD is showing its appearance before making a dead cross. If the daily MACD shows a dead cross, I think the drop could fall to $180 or mid-170.
Few hours before this article, the price of ETH dropped momentarily to $182 and then rose. I saw this and accepted that the future drop would be at least $182. If you look at today's spot, below is the intersection of the 20-day and 50-day lines. This is the support of the candle today. Also up there is the intersection of the 5 and 10 day lines. This is the resistance of the candle today. I expected today if the candle touches the resistance above and falls back, the end of the drop would be near $190. But in the length of yesterday's candle and today's candle, I think the strength of this drop is getting bigger and bigger. So I thought the end of the drop could go below $190. As of today's chart, the MACD is showing its appearance before making a dead cross. If the daily MACD shows a dead cross, I think the drop could fall to $180 or mid-170.
Comment:
Comment:
I have to look at the trend a little bit further, but in the worst case, the drop could go as far as mid-150. The reason I see this is because of the three-week chart I mentioned a few times earlier. Based on the three-week chart, the rise seems to be rebounding from the reaction of the big downturn that began on June 24. The reason I accept this as a rebound is because Stochastic is talking about a downturn, and the MACD looks weak.
Comment:
Comment:
Let's look at the weekly chart again. It seems that the current MACD is trying to fall again from rising. I predicted a rise because Stochastic created the Golden Cross, but the MACD takes precedence over Stochastic when the direction of upside or down is determined, so the trend is likely to turn downwards for now.
Comment:
Comment:
Let's look at the chart for two weeks. Looking at the MACD, it's not unusual to make a Dead Cross in a few weeks. Personally, I was hoping to come down after the rebound, even if it was a rebound.
Comment:
Comment:
Looking at today's flows, the future seems to be on the downside rather than upside, and in the worst case, the $150 range is likely to be seen. (But at this time, I think the price of ETH is very unlikely to get there.)
Many people have been following me recently, and many people have seen it. Many of you read my writing, and I feel sorry for not posting anything that makes you feel good. However, the flow of the market is always changing, so the first prediction is just a reference, and I think it is the way to survive in this market that responds to changes every day and every moment. Even if the flow may change positively tomorrow, I will continue to watch the flow.
Today's analysis is up to here.
You had a hard time earning money today. It's hardest to earn and keep money in the world.
I hope you will keep your assets in the coin market and hope to make big profits.
Thank you.
Many people have been following me recently, and many people have seen it. Many of you read my writing, and I feel sorry for not posting anything that makes you feel good. However, the flow of the market is always changing, so the first prediction is just a reference, and I think it is the way to survive in this market that responds to changes every day and every moment. Even if the flow may change positively tomorrow, I will continue to watch the flow.
Today's analysis is up to here.
You had a hard time earning money today. It's hardest to earn and keep money in the world.
I hope you will keep your assets in the coin market and hope to make big profits.
Thank you.