khemhotep_

khemhotep_

The Daily chart showed that price started below the 9EMA for this week and gapped up above the 9EMA on Thursday and closed the week well above it. Gap fill is at 497.37 and Support is at 503.50 which was a previous daily high. There is a Double Bearish Divergence on the RSI from a high of 74.77 to 72.56 and closed the week on a bearish candle that closed +0.07%...

khemhotep_ Updated 

Please go back and look around this same week in Sep 2021. Previous High around $454 and a Gap Down from $440 to $435. Bounced off the 4hr 200EMA at $431.

khemhotep_

Check this out!

khemhotep_ Updated 

You may want to look at a chart with a longer-term MA, like a 100-SMA or 200-SMA to confirm the change in trend. I'm not sure of which way it will go though so that is why I'm remaining neutral but I do think it needs to pullback a little bit before we see the Bulls return later this month. Let me know what you think. #LetsGetTheseCoinz

khemhotep_

The main thing I see that makes me skeptical is the fact that the volume on the most recent run up to the high $300s was significantly lower than the 1st run, and the Volume MA for that entire period. It seems like all the new money has become complacent and isn't really buying in and the sellers are eager to take some profit. It could be all a ploy to lower the...

khemhotep_

ETH is really blowing through an ascending trend and blasting past the 9 period EMA and there's still room for growth on the Stochastic RSI. I'm definitely very Long on ETH... Expect a retracement maybe back to around $290-$300 during the week... Hope it hits $500 soon :-)