Upward Pressure Till Last Week of Jan or First Week of Feb. 2020

Since the Red RSI closed above the 50 percent level in the previous 3-Day Candle, we do not anticipate a brief consolidation event until the White Energy comes down close to the 50 percent level. It's only natural to expect brief consolidation events on the way up during a bull trend. I'm expecting our brief consolidation event to begin the last week of January, 2020 or the first week of February, 2020. I'm including another screenshot of the 3-Day TF in the cover chart for easier reading because TradingView's platform likely scrunched up the cover chart.

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In case you are wondering why I placed so many Yellow Vertical Time Lines on the chart: They line up with the White Energy going down to the 50% level WHEN THE RED RSI WAS ABOVE 50 PERCENT.

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The last vertical time line on 03 Feb 2020 identifies my ESTIMATE on where the White Energy may make contact with the 50 percent level WHILE THE RED RSI IS ABOVE 50 PERCENT.

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My "ESTIMATE" for a brief consolidation event COULD occur sooner. We will keep a close eye on the Red RSI and White Energy in the 2-Day, 3-Day, 4-Day and 5-Day time frames in the mean time.

Here's a look at the Weekly Time Frame with new notes.

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I will be doing a video publication for ETHUSD in a few hours that will begin with the 3-Day, 6-Day and 9-Day time frames.