ETHUSD Appears to be Getting Ready to Move Upside...
...substantially in the near future. I don't see any serious downside price action according to Godmode Indicator. I'm expecting we'll go to $47 to $47.50 price range at a minimum in the very near future.
I've drawn a red line at a resistance level of approximately $45.45 price range. I'm expecting us to test that level and break through in the near future. This is based mainly because of how the red green and yellow (LSMA) are beginning their trek upside from 20% level on the Godmode Indicator.
The BB's are tightening up on the chart to show volume is getting fairly low. Which is also a good indicator a substantial move could be around the corner. Based on Godmode, that move appears to be upside.
I've drawn a red line at a resistance level of approximately $45.45 price range. I'm expecting us to test that level and break through in the near future. This is based mainly because of how the red green and yellow (LSMA) are beginning their trek upside from 20% level on the Godmode Indicator.
The BB's are tightening up on the chart to show volume is getting fairly low. Which is also a good indicator a substantial move could be around the corner. Based on Godmode, that move appears to be upside.
Comment:
The 2h TF shows downside FOR THE MOMENT. We should be going upside soon.
Comment:
Keep in mind when I say we're going up soon that does not mean you ignore the lower TF's for proper entry.
Comment:
$53.58 at a minimum in the crosshairs in the very near future. Will it be this Daily Candle? No, I don't think so, but it will be soon in my opinion.