After the price touch 200 days log MA(our first target), ETHUSD starting a downtrend correction. Price drop together with volume drop, too. It seems that 150 days MA(low) provide the first leyer support. 8 days EMA, 20 days EMA, and 50 days EMA are all in the uptrend. If it could try to test low side again(the low side of the RED paralllel line)(8 days EMA) or...
As per Previous analysis XA=BC. And now one day price break 50, 100 days log MA, and touch 125 log MA close might be around 100 days log MA with huge volumn. ABC correction maybe could be confirmed. - backtest 50 days log MA is expected. - upside target: Target 1: 1667 Target 2: 1790 Target 3: 2000 Target 4: 2341
It's Friday. Maybe it is a good time for correction.
Market(ETHUSD pair) is in a Range Trading. Volume related small. It might try to Test both side. Low side: lime box. High side: pink box.
Recently, we obserbe that. Blue line: ETHUSD Orange line: JPN225 index Nothing for trend prediction. Just Share with you.
Need volume. If the volume equal to Sat. and Sunday, then maybe a Range Trading only. Let's observe Dumpers's and Pumpers's reaction.
Saturday backtest volume small, the market momentum seems plan to test high side. Pressure is around 1330, 1343, and 1384. Support is around 1250 to 1265.
ETHUSD pair rapid drop to almost touch 1000 days Log MA(1188) with huge trading volume. Several sellers were traped in this fall. Ichimoku indicator indicated extremly oversold while falling. Let's observe this recovery.
Recently ETH: USD pair slightly uptrent, but fail to challenge previouw high(1397) It looks like rejected by 20 days EMA (RED) Small dump on Friday(10/7 '22) Friday closed above 8 days SMA(blue) and 20 Days SMA(Orange) Previouse pressure line(RED), now maybe become support line(Blue) If we draw an uptrend channel, receent price was unable to cross above the...
Recent 4 weeks, we observe that dumper seem love to dump on Sunday Night or Monday Night. Will it come again?
After ETHUSD pair fast recover to 0.618 level(1397), then fast fall to 1253, now it looks stand firm above 6 day EMA. (A range trade between 1260 to 1390.) Maybe it plan to challenge 14 days EMA, said 1377.
Maybe it is in a fast XABC correction. It it is in this case, XA might be equal to BC, which target at around 1188 to 1200 region. We play only-buy strategy starting from 700-800 days, 800-900days, and 900-1000 days, and even if it reach 1100 to 1200 days log Moving Average. Some of them: hit and run. Some of them: long term holding.
It looks like a proper buy zone from Grid Trading logic. buy 1/3 position between 700 Day and 750 Day LogMA buy another 1/3 position between 750 Day and 800 Day LogMA And buy another 1/3 position between 800 D Log MA 900 Day LogMA. This is a Personal Record only, not a trade advice.
Overall, it is still in a small step forwarding bullish. Possible development next of the ETHUSD pair: 1. Lime Scenario After cumulation, stand firm above 130 Day MA, then Breakthrough the purple line(160 Log MA), to challenge previous high. 2. Blue Scenario (copy the previous behaviour) A temp quick dump to Break down(130 Log MA + 120 Log MA) for testing the...
Today Bitcoin is the major market Focus. ETHUSD pair to break or not to break the Key bearish resisitance line (RED) is a question. Let's enlarge to look: Need Volumn to confirm it.
Yesterday ETHUSD pair Hit 115 day log MA(Volumn small), then starting profit taking dump. (last time when price hit 115 day log MA is around 26th Auguest, 2022, then dump) This profit taking dump hit several stop orders. Market buyers's stop orders kill buyers. Let's observe will uptrend pattern be terminated or not. Now price is around 700 days and 750 days...
ETHUSD pair continue a small step uptrend. Yesterday it just touched the 20 Days average line, first time come back to test. Expecting it test low again for making sure the uptrend channel keeping well. And to make sure it escaped from the decenting triangle pattern.
Expecting it test low again. Moving 800 Days Log Average is around 1430. Moving 900 Days Log Average is around 1300. Our target buy zone: 1335 - 1450