ETHUSDT bullish signals resulting from the BSR and BTI
On the ETHUSDT 4-hour chart we just saw 3 nice buying signals from the Blockunity Strength Reversion (BSR) and Blockunity Trend Identifier (BTI) indicators.
As per usual let’s first explain what you see on the chart.
On the side of the BSR we have:
• In red the BSR Upper Line and in green the BSR Lower Line.
• A blue arrow indicating that the Confirmed Reversal Indicator (CRI) just gave a signal.
On the side of the BTI we have:
• The Volatility-Adjusted MA (VAMA) an evolved moving average that considers the volatility of the asset to better reflect the state of the market. Depicted in a red and green line regarding the position of the asset compared to the line.
• The 1-Day Vegas Cloud in dark blue which is a trend following indication.
Coming to the signals that were just emitted:
• The CRI gave a buy signal which is an indication that the asset was in a long and strong period of excess (blue arrow).
• The last 4-hour candle closed above the VAMA for the first time since yesterday, which is a bullish indication.
• Also, a Combined Buy Signal was emitted, resulting from a bullish VAMA & Zero Lag Signal.
We will have to see if the VAMA can hold the price evolution of ETH and enable it to continue its positive trend of the last few days.
As per usual let’s first explain what you see on the chart.
On the side of the BSR we have:
• In red the BSR Upper Line and in green the BSR Lower Line.
• A blue arrow indicating that the Confirmed Reversal Indicator (CRI) just gave a signal.
On the side of the BTI we have:
• The Volatility-Adjusted MA (VAMA) an evolved moving average that considers the volatility of the asset to better reflect the state of the market. Depicted in a red and green line regarding the position of the asset compared to the line.
• The 1-Day Vegas Cloud in dark blue which is a trend following indication.
Coming to the signals that were just emitted:
• The CRI gave a buy signal which is an indication that the asset was in a long and strong period of excess (blue arrow).
• The last 4-hour candle closed above the VAMA for the first time since yesterday, which is a bullish indication.
• Also, a Combined Buy Signal was emitted, resulting from a bullish VAMA & Zero Lag Signal.
We will have to see if the VAMA can hold the price evolution of ETH and enable it to continue its positive trend of the last few days.