ETH/USD is testing the green upper 0.618 Pitchfork channel. If history repeats, ETH could be seeing a reversal to a period of downward pressure. The 100% retrace is HIGHLY UNLIKELY, but the 70% is LIKELY. Need to pay a close attention to the 12D Timeframe. The green line is at 108.36; Blue LSMA is at 100.91; Red RSI is at 104.56; & White Energy is at 59.56. When the white energy drops below 50 price action is likely to fall.
Note
The 12D candle closes in 1 day 19 hours.Note
NOTE: Price action could still experience upward pressure. I am anticipating downward pressure AFTER the 3D, 6D, 9D, & 12D candles close in 1 Day 18 hours.Note
I recommend checking out David's Technical Analysis for ETH
Note
Compare the 6h for ZRX/USD(TOP) with the 12D on ETH(BOTTOM)Note
The Phoenix Ascending 2.201;ZRX(6-hour): Green = 111.99; Red RSI = 109.18; Blue LSMA = 101.77; & White Energy = 58.5
ETH(12-Day): Green = 108.65; Red RSI = 104.61; Blue LSMA = 100.95; & White Energy = 59.88
This is NOT financial Advice and I am NOT a financial adviser. This is my opinion based off of my knowledge of using these indicators.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
This is NOT financial Advice and I am NOT a financial adviser. This is my opinion based off of my knowledge of using these indicators.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.