Hello, my friends. It's Cryptoranger K.
Today was a day when I didn't see anything special on the chart. I looked in for a while, gave up and just rested. And I look at the chart again at night. I thought about why. And I concluded that it was because I had a lot of expectation that 'I want the bottom to come out quickly'.
Looking at the ETH 4 hour chart today, I found that the current price flow is drawing a falling wedge. And the four-hour candle seems to be rising. And again I saw the daily chart.
Today was a day when I didn't see anything special on the chart. I looked in for a while, gave up and just rested. And I look at the chart again at night. I thought about why. And I concluded that it was because I had a lot of expectation that 'I want the bottom to come out quickly'.
Looking at the ETH 4 hour chart today, I found that the current price flow is drawing a falling wedge. And the four-hour candle seems to be rising. And again I saw the daily chart.
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(ETH 1day chart)Note
If you look at the chart above, Stochastic is still talking about the decline. The decline of Stochastic was so rapid that I thought ETH wouldn't rise right now.Note
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(ETH 1 week chart)Note
As mentioned in the previous post, the weekly chart 5 & 10day lines are inverted. If last week's candlelight ended on the 50day line, I would have been positive about the ETH rise. However, as prices have fallen a lot, I expect ETH to continue falling.As I expected, if the ETH falls here, the first support is near $ 153 and the next support is around $ 135. For now, I'm thinking $ 135 will be the bottom of this drop.
Today's analysis is up to here.
As I write every day, I seem to repeat the same words over and over again.
After all, I think about one thing too much and I do not see the flow.
Starting tomorrow, I will write at intervals.
Now another week has begun.
I hope this week will be a week to protect your precious assets.
Thank you for your attention.
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(ETH 1 week chart)Note
Update.The weekly candle changed and a new candle started below the 50day line, creating a Dead Cross on the 5 & 50day line. There is no positive part of the current situation. Market flow is boring overall. But now I think it's right to watch more than hurry.
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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.