Looks like ETH could have a last small leg upward before meeting resistance and continuing to consolidate downward on the larger timescale(s). Divergence of price/RSI as well.
Long in the immediate term, short in mid-term, long in the longer term (days/weeks).
Google looks to be forming a long-term head and shoulders on the weekly chart. Will need to continue to monitor whether the trend downward breaks the neckline and continues. Target around the ~750 area if so.
After reevaluating my prior elliott wave thoughts, I'm now wondering whether it's more likely that we are actually completing the 4th macro wave, not the 2nd. Do you think the first set (green / pink) or second set (blues) are more likely..? or maybe some combination of both and I'm mixing up macro/micro waves? Looking for thoughts on this. Thanks!
I found this indicator today for the Accumulation/Distribution line which color codes the ADL according to the difference in the lines moving average within a period(I think it's 9 and 15 day MA but I would have to check again). I wanted to see what the results would be if you traded each time the color coding (i.e. MA differential) swung before crossing the 0...