The previous swing on weekly from may till Latest swing of November the price has shown upside while the MACD showing loose momentum
.
The white dotted line will be acting as supports
Based on shorter time frame trades can be executed on price action basis
.
As this analysis is done only on weekly chart the following trade plan might take time to activate
.
Conclusions : eth looks sightly bearish for me no fresh longs will be avoided
Shorts position will be based on lower time frame
Happy trading
.
The white dotted line will be acting as supports
Based on shorter time frame trades can be executed on price action basis
.
As this analysis is done only on weekly chart the following trade plan might take time to activate
.
Conclusions : eth looks sightly bearish for me no fresh longs will be avoided
Shorts position will be based on lower time frame
Happy trading
Comment:
will start new analysis as eth reached its lower median and looks like it has started settling down in accumulation zone