Maybe not. If yes, it could be a very short period of time in one days of the next 2 weeks.
And Why?
Our bias are listed as following, and maybe we are wrong:
1. The bull stand above 365 days, 400 Days, and 550 days EMA for 17 days. It means it stand firm above 365 days EMA. (key support)
Please observe that: 550D EMA is the highest figure of EMA system.
540EMA < 550D EMA > 560D EMA
2. The price is just a little bit below 400 days SMA, and it near the 400D SMA for 17 days, too.
It means 400D SMA might be a key pressure.
All of the break above 400D SMA were just a short time.
On the other side, all the break below 365D EMA were just a short time, too.
3. Golden Cross of VWMA, SMA, and EMA already,
EMA Golden Cross(X) is higher than SMA Golden Cross(X).
SMA Golden Cross(X) is higher than VWMA Golden Cross(X).
Golden X EMA > Golden X SMA > Golden X VWMA.
Golden X is mean, it is proper to hold long position better than short position.
We guess if price drop to golden cross level, and lots of buying interest are waiting there.
If seller want to test, please and please dump it, we are planning to enter more long position. :)
4. When price breakup 365D EMA, 400D EMA and 550D EMA, the volume is high. Weekly trading volume is ranking the No. 3 in Coinbase exchange history.
5. Key Simple Moving average line are all tuning into uptrend. (50D, 100D, 200D). The market maybe can said it is in a bullish market.
Therefore, range trading between 365 days EMA and 400 days SMA maybe can image that the possibility an accumulation period of another bull run is a little bit high.
Let's see the next development.
And Why?
Our bias are listed as following, and maybe we are wrong:
1. The bull stand above 365 days, 400 Days, and 550 days EMA for 17 days. It means it stand firm above 365 days EMA. (key support)
Please observe that: 550D EMA is the highest figure of EMA system.
540EMA < 550D EMA > 560D EMA
2. The price is just a little bit below 400 days SMA, and it near the 400D SMA for 17 days, too.
It means 400D SMA might be a key pressure.
All of the break above 400D SMA were just a short time.
On the other side, all the break below 365D EMA were just a short time, too.
3. Golden Cross of VWMA, SMA, and EMA already,
EMA Golden Cross(X) is higher than SMA Golden Cross(X).
SMA Golden Cross(X) is higher than VWMA Golden Cross(X).
Golden X EMA > Golden X SMA > Golden X VWMA.
Golden X is mean, it is proper to hold long position better than short position.
We guess if price drop to golden cross level, and lots of buying interest are waiting there.
If seller want to test, please and please dump it, we are planning to enter more long position. :)
4. When price breakup 365D EMA, 400D EMA and 550D EMA, the volume is high. Weekly trading volume is ranking the No. 3 in Coinbase exchange history.
5. Key Simple Moving average line are all tuning into uptrend. (50D, 100D, 200D). The market maybe can said it is in a bullish market.
Therefore, range trading between 365 days EMA and 400 days SMA maybe can image that the possibility an accumulation period of another bull run is a little bit high.
Let's see the next development.
Comment:
Comment:
The 4th times Trading Volume > 3M weekly, What does it mean?
Comment:
Monthly Chart
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Weekly Chart
Comment:
Range trading.
And it might want to test low(Test Support) again.
Let's see how low of the support is.
And it might want to test low(Test Support) again.
Let's see how low of the support is.
Comment:
Sunday Dump did not appear instead Monday Dump.
Volume small, 3rd time try to pull down and just a kiss to the 50% from the low 235.42 to the high 274.99. It seems the test low is around here. Daily chart keeps higher low bullish structure. Let's wait confirmation END of test low wave.
Volume small, 3rd time try to pull down and just a kiss to the 50% from the low 235.42 to the high 274.99. It seems the test low is around here. Daily chart keeps higher low bullish structure. Let's wait confirmation END of test low wave.
Comment:
Comment:
well, test another low. let's see can it get hold or not.
Comment:
Test low to 235-237 range might be the key support.
365 EMA current value is 236.
222-230 provide a very strong support(our predefined blue box)
Now it form a bullish flag pattern. Entry here should be safe, but still need to manage the risk.
Ethereum play a stable coin role when we compare with Bitcoin recently.
365 EMA current value is 236.
222-230 provide a very strong support(our predefined blue box)
Now it form a bullish flag pattern. Entry here should be safe, but still need to manage the risk.
Ethereum play a stable coin role when we compare with Bitcoin recently.
Comment:
Comment:
Range trading beween 400D SMA and 365D EMA.
Volume small. We see stop-hunter try to hunt the long stop below 365D EMA
It hit our pre-defined target zone of correction. (Maybe an ABC + abc correction)
And we go Long of our mid-term long position.
Let's see if it is in the weekly accumulation for another bull run?
And let's see if the market development want to try to find upper pressure zone? And break it up?
If not, maybe it is still in a range trading between 400D SMA and 365D EMA.
Volume small. We see stop-hunter try to hunt the long stop below 365D EMA
It hit our pre-defined target zone of correction. (Maybe an ABC + abc correction)
And we go Long of our mid-term long position.
Let's see if it is in the weekly accumulation for another bull run?
And let's see if the market development want to try to find upper pressure zone? And break it up?
If not, maybe it is still in a range trading between 400D SMA and 365D EMA.
Comment:
We take partial profit of our short term Hit & Run long position, USD30 per ETHUSD profit is delicious.
Comment:
