ETHUSD today analysis, 190926. Price can go up to around $115.
Hello my friends. It's Cryptoranger K.
The day before, ETH fell by more than 17%. Normally, the day after the price declined that much, it would rebound to near the 5day line, so I expected it to be this time. I watched like that, but there was no movement. So once again I looked at the chart wider. On a three-day chart, the price seems to be a soft landing. This is the yellow dotted line that I marked. The yellow dotted line is the average of the price changes I think it is, and I think it's likely that the bottom is $ 136 based on the volume profile.
The approximate estimate is this. Personally, however, the price is likely to be lower than expected at around $ 115. There are three scenarios.
1) The price may be soft landing along this yellow dotted line and form a floor near $ 135.
2) The candle may rebound here, approaching the 20-day line and then falling to $ 115.
3) The candle can change at this point, leading directly to a drop near $ 115.
I've marked similar sections on the left and right side for you to understand.
The day before, ETH fell by more than 17%. Normally, the day after the price declined that much, it would rebound to near the 5day line, so I expected it to be this time. I watched like that, but there was no movement. So once again I looked at the chart wider. On a three-day chart, the price seems to be a soft landing. This is the yellow dotted line that I marked. The yellow dotted line is the average of the price changes I think it is, and I think it's likely that the bottom is $ 136 based on the volume profile.
The approximate estimate is this. Personally, however, the price is likely to be lower than expected at around $ 115. There are three scenarios.
1) The price may be soft landing along this yellow dotted line and form a floor near $ 135.
2) The candle may rebound here, approaching the 20-day line and then falling to $ 115.
3) The candle can change at this point, leading directly to a drop near $ 115.
I've marked similar sections on the left and right side for you to understand.
Comment:
Comment:
Let me explain why I think this way. If you look at the three-week chart, first the current 5day and 20day lines are ahead of the cross. In terms of current flows, the price may rise sharply here before October 7, and then settle above the intersection of the 5 & 20day line and lead to an increase. But that seems unlikely. If you look at the MACD and Stochastic, both are now heading for decline. Unless this happens, the decline is expected to continue, and if it falls, the 5 & 20day line crossing is expected to act as a strong resistance to the candle and encourage the decline.
Comment:
Comment:
Let's look at the week chart again. If you look at the purple curved arrow, you can see the shape of J. In my experience, there's always been a rise when the candle draws the J shape. So if possible, I don't buy until I see this form. Your trading style may be different, so please refer to my style.
In the long run, I think ETH is on the rise, and I think the price is making small waves within the rise. But this is my idea and I don't know how the reality will go, so I don't recommend holding it in the long run. In the coin market, I think it's always right to be in a position to move quickly.
The weather is good in Korea and Seoul. I don't know what the weather is like in your area. But I hope your trading will always be filled with pleasant things, like the sunshine that came to our house today.
I hope you win today and I hope you continue to make big profits.
Thank you.
In the long run, I think ETH is on the rise, and I think the price is making small waves within the rise. But this is my idea and I don't know how the reality will go, so I don't recommend holding it in the long run. In the coin market, I think it's always right to be in a position to move quickly.
The weather is good in Korea and Seoul. I don't know what the weather is like in your area. But I hope your trading will always be filled with pleasant things, like the sunshine that came to our house today.
I hope you win today and I hope you continue to make big profits.
Thank you.