astroobserver

ETH Puls Up ~!- ( Z1 )

Long
astroobserver Updated   
BITFINEX:ETHUSD   Ethereum
Solid Green Channel is well hung. Rooted 18 Jul 18' High. it has a stubby but tight root slope. These Parabolas where hung weeks ago. There IS a path up!

The latest price action events heard Solid green and obeyed. remarkable! We will 'wait see' how the Jag responds to upper Solid Green.

Dashed Red A is the death trend. it is not Well hung but it is close to that. It is a real parabolic trend. Dashed Red passe through null value mid July '19. That is a timing signal.

Blue to Dashed Blue is another trend parabola that estimates a No bubble Profile for the lifespan of ETH. It comes into play as the current Jag action is between Red and Blue, Taking Green G 1,2, ETH is hoping to to reach purple; A P channel Rooted 05 May '18 where it can return to its 'fun state' of several hundreds and volatile.

Abie: ETH still needs a social role. Currency is nothing until it plays an ephemeral role at a trade. We can trade to trade, but ETH still needs to be traded for something other than currency to have a social role, and actual power, Otherwise ETH and so much Crypto is the idea of money with out redemption.
Comment:
the jag heard Upper Solid Green. that is as track, Support!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.