Break 185 resistance, and 1st time challenge key resistance level. IT has built a good structure for bullish trend. It looks might come back to test 1st level support. (Lime Scenario) or Even more Back test second level support.(Red Scenario)
Maybe, after a fake break at 193, a free fall to 178. Or Maybe next will be range trading between 175 to 185. Bear might want to test low, Let's see can 173-175 provide enough support?
We think it had built a very good structure On 21 Oct, 2019, and think it was moderate bullish. Now it has challenged the first level pressure: 178-180. But the 183-185 challenge fail. Let's see how bear reaction to the challenge that might come in the near future: Challenge level 1: 183-187 Challenge level 2: 190-193 Challenge level 3: 198-200 Key Support level...
Look likes it has Built a good structure. If 178-180, and 183-185 challenge successful, it might be a way of bullish trend , then.
It might be a range trading around 176 to 200. 50 Days MA is around 184-185 20 Days MA is around 179-180 200 Days Low MA is around 198 Range trading testing low and testing high for finding new direction.
It might be.... ---Killer buyer know lots of small buyers have long position for waiting breakup the resistance. ---Killer buyer Kill down the price to hit those small buyers' long position stop orders. Let's observe this might be a cleaning followers strategy: --If push down again to the region around 155 to 160 again and --the price not breakdown and volume...
Ethereum is supper weak than Bitcoin. Bitcoin is the major role of digital currency. Recently it looks like the same situation as last year at the same time season. It looks like for seeking a bottom, but the drop not very deep and volume is small. It indicates someone else is push it down to do something that they hope to. We are planning to have our Long Term...
Last week review: As per last Monday's analysis: "Daily chart looks it will test low again". And it test it successfully when one of the major trading center close, causing some of selling orders find no buying orders. Stop loss orders plus panic selling, the price was falling to around 170 level(280D SMA). After this major trading center reopen, price rebouce...
Box moving counter 30 days MA pressure, last week range trading around 200 to 230 range. Daily chart looks it will test low again, but not very strong. Weekly chart looks moderate bullish, but not strong. This week out look seems still in Range trading for finding new direction. This range trading situation is very similar with last August. But at that...
Ethereum USD pair continue Range Trading Between 180 DSMA to 400 DSMA Last week dumping expected as we mentioned in last post Be caution of the Sunday Dumper This week might continue the accumulation period pattern: Box Trading between 180 D SMA to 400 D SMA (said 195 to 225)
Be caution: Sunday Dumper has a habit and love to dump on Sunday and Monday. 200 is a key support level. 200 days SMA also provide a good support. Sunday Dumper might want to dump for testing this level again, therefore, be caution of that. We plan to Go Long more if we detect the dumping is a Push Down to Buy by the key players. (230 is key Pressure)
Can 200 be hold? Or it will test 200 D SMA(Simple Moving Average)? Can it be hold? After Facebook release stable coin Libra plan, market was in a happy outlook. But Libra causing lots of concern from major central banks and governments, and a Twitter from Trump, US President, let the market drop sharply. Now market is in a panic selling. It is in a communication...
After range trading from 270 to 324(50 DMA to 500DMA), the weekly chart is still looking moderate bullish pattern. Let's see if 500Day MA could be breakup or not, IF it could be breaking it up, then a triangle upper pressure will be around 335 to 352. (Triangle pattern is illustrated in yellow color on the chart.) As per our previous mentioned Cross...
After another bullish run from 230 to 360, the Ethereum US Dollar pair counter the big pressure of the Neckline Zone: from 330 to 360. The neckline zone happen to be the range between 500D SMA to the previous low around at the end of March 2018 to the beginning of April, 2018. The daily and weekly chart is still bullish, it might be seeking support for bullish...
Accumulation and Range Trading Between 228 to 274, which is among the 365D EMA and 400D SMA. And break 400D SMA high already. Key Resistance is 274 to 280 Key Support is 225 to 230 Now major role is Bitcoin lead the way, Ethereum is a gentleman a little lag behind Bitcoin bullish trend. Let's see market development next.
Maybe not. If yes, it could be a very short period of time in one days of the next 2 weeks. And Why? Our bias are listed as following, and maybe we are wrong: 1. The bull stand above 365 days, 400 Days, and 550 days EMA for 17 days. It means it stand firm above 365 days EMA. (key support) Please observe that: 550D EMA is the highest figure of EMA system. ...
Narrow Range Trading. While the other major Alt-Crypto Currencies breakup their resistance, the Gentleman Ethereum VS USD pair is still narrow range trading between 265 to 276 range. If we look at bigger daily chart: It looks like want to test last Aug to Sep's High Said: maybe around USD305. Possible development Scenario: Blue Line Scenario: --a back test of...
Leading Golden Cross : VWMA cross at 143 on 3th of April, 2019. SMA Golden Cross at 147 on 18th of April, 2019. Log EMA Golden Cross at 161 on 13th of May, 2019. And final confirmation Golden Cross: EMA golden Cross is expected on 20th of May, 2019 at 181. *Golden Cross: 50 moving average cross above 200 moving average.