Just a small touch of 200 D MA, which is the first touch of the 200 D MA after oversold under 200 Days MA in April(It happened that 50 MA just cross under 200 MA) Market might try to Backtest the 50 Days MA. Could it be a Push Down To Buy(PDTB)? Let's observe it.
ETHUSD pair looks like want to challenge 200 Day MA, it might be walking the following 2 Scenario that we guess: 1st Scenario: Blue line, a possible ascending triangle development. 2nd Scenario: Green line, possible Back test 120 MA and 10 days MA
First Test Neckline, ETHUSD was rejected, which it is expected. We guess maybe it will be developed in the following 2 Scenarios: First Scenario: Back test 20 days support Zone, if it provide support, then it might test high again. 2nd Scenario: Back test 50 days average zone, then go up to test 200 days average. Let's see if it goes in our guess scenario next.
Recently ETHUSD pair range between 12 days to 130 days MA. Higher High and Lower High, a moderate bullish pattern. Possible development for next week might be: 1) Green line: narrow range around 125 days MA for a while, then break 130 MA, and challenge 140 days MA 2) Blue arrow: backtest 110 MA, then challenge previous high (Said 140 days MA) Let's see what...
Lowest side: 50 days moving average: said: 1200 hours moving log average. Middle side: 100 days moving average: said: 2400 hours moving log average. Highest side: 125 days moving average: said: 3000 hours moving log average.
Another test above-mentioned range. Higher Resistance at around 1230 to 1280. (Last Friday and This Friday) Lower support at around 998 to 1020.(Next few days?) Let's see will it test the lower support zone again?
May be a Range Trading inside the triangle. Pressure is the neckline(Yellow). Support might be the Blue Line. Let's see if it is in this range for a while for seeking next direction.
It is Very Rare to have! Orange Line is 1100 days moving average line. Lime Line is 1200 days moving average line.
A possible falling wedge. Be caution of short position.
Look likes the first level bearish target hit. Rebound is expected. Hit and run.
Buy between 1700 to 1740. Profit taking between 1820 to 1860.
A Possible Quick Falling Wedge. Maybe Range Trading Between 2850 to 3150 for a while for cleaning the stuck floating orders.
ETHUSD pair now counters somewhat pressure at 50 days moving average. Bull and Bear might fighting here for a while. Range Trading between 2900 to 3200 for a while is expected. In this case, Rev-H&D pattern might be on the road. Let's observe it next. It is a personal record only, not for any financial advise.
Recently it is Range trading between 3 days average (4 hour chart 80 bars average) and 250 days average(4 hour chart 1500 bar average). Let's see which side is fake one? Bias is in the long side. Personal Record Only, not trading advise.
We go Long, and plan to go long more. It is a private record only, not for any advice.
It's great, happy range trading after bullish expecting buyers kill new buyers. We hit and run away in recent period. It is a personal record only, not for any advise.
Price Drop Vol Drop, too. It looks like a back test. Personal Record only. Not trading advise.
Last 2 weeks, Friday Dumper dumped on Friday. After rebounce up the price, then dump on Monday. Let's watch if the players plan the same game again?