ETHUSD today analysis, 191002. "Yes, I believe it's Short."
Hello, my friends. It's Cryptoranger K.
Yesterday I felt a little stressed because the indicators showed an unclear flow. I also predict the direction of future prices, but I think that the flow of the chart can change all the time, so I have to be stressed out in this ambiguous situation.
The introduction was long. In my previous analysis, I told you that the $ 186 area is the resistance zone and that it could be the end of the rebound. But as I watched today's chart of Stochastic and MACD as of today, I thought for a moment that the rebound might be a catalyst for the upside. So I watched the chart for hours, and I noticed one feature on the 3 day chart.
I thought yesterday that there would be an intersection of the 5, 10 and 20 day lines, but as today's price drops, the intersection of the 5 and 10 day lines comes first. The three-day candle will not rise above this intersection until October 4th. And if the intersection of the 10-day and 20-day lines occurs around October 4th, it is also expected to resist the price of the next candle as a role of resistance.
However, a few days ago I told you that the ETH price should fall once more, and as it is now, the price is likely to fall only near the previous low of $ 152. Rather, the price may rise after showing sideways in the resistance marked with '1) in the chart. (This is the top of the three rectangles in the chart.) But this will be judged later.
I don't know which way the market is going to change, so my analysis is just for your reference.
That's what I analyzed today.
It was a hard day yesterday and today. However, I was cheered up because some people left me a good content in the comments.
Hopefully my analysis will help you with your trading.
I hope you will continue to keep your assets well and continue to make money.
Thank you.
Yesterday I felt a little stressed because the indicators showed an unclear flow. I also predict the direction of future prices, but I think that the flow of the chart can change all the time, so I have to be stressed out in this ambiguous situation.
The introduction was long. In my previous analysis, I told you that the $ 186 area is the resistance zone and that it could be the end of the rebound. But as I watched today's chart of Stochastic and MACD as of today, I thought for a moment that the rebound might be a catalyst for the upside. So I watched the chart for hours, and I noticed one feature on the 3 day chart.
I thought yesterday that there would be an intersection of the 5, 10 and 20 day lines, but as today's price drops, the intersection of the 5 and 10 day lines comes first. The three-day candle will not rise above this intersection until October 4th. And if the intersection of the 10-day and 20-day lines occurs around October 4th, it is also expected to resist the price of the next candle as a role of resistance.
However, a few days ago I told you that the ETH price should fall once more, and as it is now, the price is likely to fall only near the previous low of $ 152. Rather, the price may rise after showing sideways in the resistance marked with '1) in the chart. (This is the top of the three rectangles in the chart.) But this will be judged later.
I don't know which way the market is going to change, so my analysis is just for your reference.
That's what I analyzed today.
It was a hard day yesterday and today. However, I was cheered up because some people left me a good content in the comments.
Hopefully my analysis will help you with your trading.
I hope you will continue to keep your assets well and continue to make money.
Thank you.