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Jan 9, 2021 11:11 AM

ETHUSD: Sideways at Worst; Upward at Best to $1,691 Next Stop 

Ethereum / US DollarPoloniex

Description

Hi Everyone! I'm seeing upward pressure potentially continuing at least for the next 5-Days based on what we are currently seeing with the White Energy in the 2-Day time frame. If the White Energy in the 2-Day comes down a bit and then begins sloping out to the side more on a less steep decline, we could see this upward pressure continue for a longer period than 5-Days before a potential setback. REMINDER: The price action does not have to go up significantly during a period of upward pressure. It's possible to go sideways within a trading range during the period of upward pressure (time correction) rather than seeing a breakout to the upside during this period of upward pressure. I'm leaning more towards a breakout to the upside.

Happy Trading and Stay Awesome!

David

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UPDATE:

IMPORTANT ADDENDUM FOR ETHUSD & ADAUSD PUBLICATIONS
Comments
Cryptokrats
Hi David, love your charts, but wondering how to find your indicators on here? I am trying to learn to use your setup and would appreciate it. Thanks
kennypilanski
I love this analysis. thank you
etherking69420
God bless you David
alexanderaswaja9
@etherking69420, tanksyou
Salah25bBadidou
i thank you dear dived how abote ETH/BTC can you take a look ser ??
ricordata
Thank you for your kindness in shedding some light on the road. I do hope you got a good rest in the end. Take care.
cryptotraderog
Nice analysis as always mate! ETH made a new high @ 1340 and now sideways consolidation, Lets see if we have a go at ATH or give us a false breakout short scalp trade. Will update this post with any trade entries:
Sebalem92
Thank you so much, great work!
StGerasimosIordanitis
Respect!
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