RSI is crossing and the decline has begun. Looks like a quick short opportunity for a quick 2-3% gain. May trigger a larger decline. My opinion is still that long term long is the safer bet here, but those that are working to acquire more might find some gain here. Do your own analysis, don't solely decide on my opinions above.
Bearish candle finishing now suggests false break out. This is further confirmed by RSI & MACD trending overbought. Zoomed out perspective suggests we need to establish a new low support before continuing on to higher prices. So, I'm short for the short term and am anticipating a bounce from $125range. I'll personally have my buy order placed lower than that in...
Red arrows point to downward price indicators in the short term. Estimating the price to land between $120 - $125. Bitcoin shows similar trending. Long term I remain bullish on ETH. I think the bottom is in and I don't think the price will go lower than $120. IF it breaks $120, not likely to go below $110. I'll add a long-term chart later.
This is a continuation from the idea published on September 24 Looking at MACD & RSI trending on the 3-hour timescale, I'm seeing a developing uptrend. This leads me to believe that short-term we will see the price climb back up toward $220-$223-ish. Here, we want to watch for the bounce back downward signalling some confirmation of a bear flag formation —...
Long time lurker, first time poster. I've seen multiple people talking about retrace possibility, but I haven't seen anyone post this idea. It appears to me that we're drawing an inverse head & shoulders that should mark the end of the bear market with a double bottom (Head & upcoming shoulder) followed by a rally upwards (final reversal of the bear market trend)....