ETHUSD today analysis, 191007. I think it still need 1 more fall
Hello, my friends. It's Cryptoranger K.
After a long time, the main altcoins show the white body as a whole. When I saw this, I would always shake my heart. And I used to buy in anxiety that I might miss the chance of rising. Is XRP climbing the most now? There are many opinions that other altcoins will rise because XRP is up. Personally I don't trust company based cryptocurrencies. Of the large altcoins, Ripple is not particularly fond of, so I don't care if XRP goes up or not. So let's analyze ETH without Ripple. I think the price of ETH is quite likely to rise in a month or two. However, I do not think the rise in ETH will happen immediately after XRP is up.
Based on the ETH week chart, the intersection of the 5, 10, and 50 day lines is likely to appear the next week or two later. First of all, I think it is important what the candle looks like here. Personally, I believe that the ETH trend is still falling, so the candle on that day will not rise through that intersection. Then I can ask the following questions.
"If the price of ETH falls on the resistance of the intersection, how far will it fall?"
I'm positive about the current one-week stochastic's appearance of the Golden Cross. But there is only one positive part that is currently showing me. There is still a lot of resistance, and in the medium to long term, the price of ETH is still in decline. Personally, I hope to rise in the Ichimoku Cloud. But given the trend, it's more likely that it won't happen. The important thing is to see that the direction of the 10-day line changes. But in order to do that, it is only possible to make the price come back after the price drops once more. I hope that if the price drops to around $ 155 at this point and then comes back up quickly, it will create the flow I want. Then I'll look at what the price flow looks like and judge the rise or fall once again. (Worst case, I think it can fall to $ 139. And $ 139 is the previous low.)
Although I am waiting for one drop, I believe there will be a period of reduced volatility in the near future. If I have to buy ETH first rather than BTC, then the interval where volatility diminishes will be the point where I buy ETH.
Today's analysis is up to here.
Seoul has been raining since Monday.
I am cheering you on doing your best every day by posting an analysis like this.
I sincerely hope that you will always make a successful investment with peace of mind.
Thank you.
After a long time, the main altcoins show the white body as a whole. When I saw this, I would always shake my heart. And I used to buy in anxiety that I might miss the chance of rising. Is XRP climbing the most now? There are many opinions that other altcoins will rise because XRP is up. Personally I don't trust company based cryptocurrencies. Of the large altcoins, Ripple is not particularly fond of, so I don't care if XRP goes up or not. So let's analyze ETH without Ripple. I think the price of ETH is quite likely to rise in a month or two. However, I do not think the rise in ETH will happen immediately after XRP is up.
Based on the ETH week chart, the intersection of the 5, 10, and 50 day lines is likely to appear the next week or two later. First of all, I think it is important what the candle looks like here. Personally, I believe that the ETH trend is still falling, so the candle on that day will not rise through that intersection. Then I can ask the following questions.
"If the price of ETH falls on the resistance of the intersection, how far will it fall?"
I'm positive about the current one-week stochastic's appearance of the Golden Cross. But there is only one positive part that is currently showing me. There is still a lot of resistance, and in the medium to long term, the price of ETH is still in decline. Personally, I hope to rise in the Ichimoku Cloud. But given the trend, it's more likely that it won't happen. The important thing is to see that the direction of the 10-day line changes. But in order to do that, it is only possible to make the price come back after the price drops once more. I hope that if the price drops to around $ 155 at this point and then comes back up quickly, it will create the flow I want. Then I'll look at what the price flow looks like and judge the rise or fall once again. (Worst case, I think it can fall to $ 139. And $ 139 is the previous low.)
Although I am waiting for one drop, I believe there will be a period of reduced volatility in the near future. If I have to buy ETH first rather than BTC, then the interval where volatility diminishes will be the point where I buy ETH.
Today's analysis is up to here.
Seoul has been raining since Monday.
I am cheering you on doing your best every day by posting an analysis like this.
I sincerely hope that you will always make a successful investment with peace of mind.
Thank you.