ETHUSD - Fed Fights Crypto Ethereum Rallies LONG
Updated
ETHUSD on the 60 minute chart has had high volatility in March along with other
cryptocurrencies. the SEC is taking Ethereum to federal court so it can designate it
as a "security" and subject to the SEC and all that it does. In early March, ETHUSD
trended up getting resistance from the second upper VWAP band in purple and support
from the underlying bandline. A deep ten day pullback into the support of the second
lower band line in thick purple then ensued. Price is now in the process of rising
to the mean anchored VWAP in black supported bu the thin blue first lower VWAP line.
The predictive algorithm of Lux Algo founded on analysis and look back of the regression
line forecasts the leg up to test that mean VWAP line. I entertain a long entry here.
cryptocurrencies. the SEC is taking Ethereum to federal court so it can designate it
as a "security" and subject to the SEC and all that it does. In early March, ETHUSD
trended up getting resistance from the second upper VWAP band in purple and support
from the underlying bandline. A deep ten day pullback into the support of the second
lower band line in thick purple then ensued. Price is now in the process of rising
to the mean anchored VWAP in black supported bu the thin blue first lower VWAP line.
The predictive algorithm of Lux Algo founded on analysis and look back of the regression
line forecasts the leg up to test that mean VWAP line. I entertain a long entry here.
Note
ETHUSD hiaving a Magic Monday- partial 25% taken after TTM Squeeze fired momentum. Will watch for continuation after consolidation to add into theposition.
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