This_Guhy

ETHUSD 20w MA Fractal

Long
POLONIEX:ETHUSD   Ethereum
Big chart is pretty simple, we see three times in the past that ETHUSD has had a large move up and then consolidated but slipped past the 20W MA during the consolidation. There is a test of the 20w, rejection, and then a break through and then support is found on the 20w and then blast off to the moon. The measured moves are from the break out until the next touch of the 20w MA. This gives a clear signal to get the most squeeze from the move with the least risk (and then a chance to switch to whatever currency is about to blast off).

Below is a zoom in on Fractal 1. You can see I programmed the CM_Ultimate to display the weekly timeframe on the daily and that creates a stepped moving average. You can also see the dynamic I spoke of, an initial break though the 20MA, slipping below and then above again, finally finding support before take off. This is common for many tests of moving averages or horizontal levels.
Fractal two has the same dynamic with the added benefit of enough history on ETHUSD that the 50w is now displayed.
Fractal 3 is in the process of completing the second break through, after which support will need to be found on the 20w before proceeding to the 50w, which should be our first major resistance. Price action may chop sideways or decline back to the 20w.
A quick comparison shows that ETHUSD is technically positions better than BTCSD when it comes to this moving average fractal
And better that XRPUSD
And somewhat behind EOSUSD
My plan is simple: continue to watch ETHUSD to find support on the 20W and then when it begins to take off get an entry and use the 20w as my stoploss. I'll either hold this position or look for something else that will be moving faster than ETHUSD. Not financial advice as I have no damn qualifications.


And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?

~Nathan Explosion
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