Short

ETHUSD today analysis, 191012. Want UP but it needs 1 more fall.

Updated

Hello, my friends. It's Cryptoranger K.

The current situation of EHT is that the 1-day candle is stuck between the 10-day and 50-day lines. I think the current state of the candle is just a return to the original seat. First of all, the current position is still vague to determine the rise or fall. I am considering both rising and falling.

The characteristics that can be seen that the price is falling on the daily chart are as follows.

1) The 5 & 10day line seems to be dropping its head down.
2) The MACD histogram is falling as a small arch.
3) Stochastic made Dead Cross.

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(ETH 1 day chart close up)

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And the characteristics that I think the price will rise are as follows.

a) The volume profile, which is marked with a red square under the candle, serves as a support.
b) Not long after the MACD created the Golden Cross.
c) This is a judgment based on my personal experience. The daily MACD and Stochastic lines are not declining to show a decent curve. If this is the case, the MACD is also unlikely to make a dead cross and is likely to fall after the stochastic forward rises again.

As I mentioned in the previous post, my position is still Long. This is a long-term approach. In the short term, my position is Short. And I expect the next candle to fall further and get closer to the 20day line. However, the average price of each candle is unlikely to fall below the 20-day line, and it is expected to fall as it flows above the 20-day line and rebound to support the $ 174- $ 177 area.

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(ETH 1 day chart)

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But for now, even if a rebound near $ 174 is likely, the rebound is likely to end around $ 188, and in the worst case, it may fall immediately without rebound. This is because the current ETH price flow is in the shape of a falling flag. Because of this, I expect future candles to fall out of the falling flag, which is now drawn with a red dotted line. And if that falls, the first resistance is around $ 172. I personally hope to rebound here and lead to ascent.

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(ETH 3 weeks chart)

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However, given that ETH 3-week Stochastic is just beginning to decline, this rebound is not expected to be large. The finish point for the rebound is approximately $ 184 to $ 188.

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(ETH 1 week chart)

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As I mentioned in the previous posts, the 10-day line on the 1-week chart is still falling. To ascend, the current line must change direction to ascend. To make that look, the price also needs one sharp fall and rise. If you look at the chart above, you will see a purple circle marked '1)'. The rise requires a price flow in the shape shown in the circle. Let's look at the chart above again. You should see a red square marked "2)" on the chart. I think my current position is similar to the one marked with '2)'. So I told you that the location of the candle that is made next week is important. If next week's candle is made below the 5 & 10day lines intersection, we expect to see another drop in the coming weeks.

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(ETH 1 day chart)

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Yesterday in my post I told you I can see the early $ 130 price. But it's so extreme that it's unlikely. If the price of ETH falls again this time, I think the price of $ 151 will end.

Today's analysis is up to here.
Now I have more people watching my posts, so I am more nervous about the analysis. However, please keep in mind that my analysis may be wrong, and my article is for your reference only.
As more and more people support me, my shoulders get heavier and I bow down more.
I will write an analysis that will help you further in the future.
I hope you have a peaceful weekend.
Thank you.

ps. I have not finished my work yet. Perhaps tomorrow will not be able to write an analysis, so I tried to talk as much as possible today. I just need to check where the candle is made the week after tomorrow. Let's watch it together :)

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I couldn't organize it properly because I was in a hurry. I told the same story twice in different places. I'll clean it up again.

1) If the ETH 1-day candle falls on the 20-day line, it is likely to rebound in support of $ 174- $ 177. And I think the rebound will only go up to about $ 188, but it won't go any further. There is no big rebound as the three-week stochastic is down.

2) It may fall as it is. If the start of the next week's 1-week candle is below the intersection of the 5 & 10 day line, it is likely to fall further. Assuming that it's still falling, the first support the decline hits is around $ 172. Maybe the decline will stop here for a while and then fall again. It is also expected to fall to around $ 151.

Crypto_Ranger_K

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