stevenslicer
Long

ETH/USD 4hr Bullish Divergence - Constantinople in 4 days

BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
For only the 3rd time since December 16 2018, a bullish divergence cross of the signal (in green) below the MACD - may happen.

Marked on the charts is the starting price on the cross over for the last two times, along with a purple line on the MACD when the past two crossovers occurred.

The past two times, ETH has risen by at least $10 in the immediate term & trended up past resistance quite easily.

This would still be a short term long position, would not be surprised if ETH shot up in the next four days until Constantinople then crashed to $80 again.

I would not consider a bullish overall market for ETH unless the price reaches $220, then $320+ for higher highs.

I have been watching ETH and with Constantinople taken into account, I predicted the recent drop a week before it happened here:

This downward trendline on the dark chart is the same as on the linked chart - ETH hasn't broken it, but has tried multiple times since August 2018.
Comment: This has been quite boring moving forward.

On the 4hr the Histogram has flipped, the signal has gone below the MACD for a bullish divergence, RSI is showing oversold. (but those do not update on the chart above).

There has been a volume drop since I posted this, giving less conviction to the short term bullish signals than when I posted.
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