UPDATE 19/10/2019: ETH Dominance bottom probably 5.85 - 5.95
ETH Dominance 19/10/2019
ETH Dominance Zone by trend
- Price in Downtrend
- Period of time OCT - NOV -DEC
- Bottom probably 5.85 - 5.95
- Time of placement: 19/10/2019
With Ethereum approaching again the 1W MA50 on the dominance chart, I thought it would be a could time to look at its key indicators, RSI and MACD. Both show a Bullish Divergence despite trading on a Falling Wedge printing Lower Lows.
Do you agree with this chart?
The dominance of ETH, the head of Alt, is falling.
Even if dominance falls, prices can go up, and that's a trick.
Conversely, the rise in dominance can cause prices to fall, which is also a trick.
If it falls to the maximum, I would touch the lime green downtrend line.
However, the market is expected to touch 8.74 and rise.
That's the signal I was waiting for forever!
The falling wedge finally hit it's bottom, and I missed the proper entry because I was away :D
Anyway, if this wedge completes, we have a lot of room to regain Dominance on Ether. Don't miss the train!