All Eyes on Ethereum
Updated
Ethereum technical analysis tracking update.
Stochastic RSI - stand aside until there is clear trend reversal:
Daily - Overbought (Limited upward movement).
Weekly - Oversold.
Fundamentals:
Watch out for Dec 1-2, 13 (Fed data).
On December 01 , Fed Chairman Powell speech on the U.S. economic outlook and job market.
On December 2, the United States Unemployment Rate data for November.
The probability of a 50bps rate hike on December 14 is currently 75%.
Noteworthy:
The trend is your friend; Identify the trend, ride the trend;
Once you get risk free, ride the trend until it end and reaches its bend.
No one ever went broke taking profits whenever the crypto market trend (direction and time) is in your favor.
Do not forget the historical wise saying, "Never invest more than you can afford to lose."
Not a financial advise, I suggest using this only as a guide - Do your own research.
Let us know what you think about this subject in the comments section below.
Kindly support this idea with your like and comment, thank you.
Stochastic RSI - stand aside until there is clear trend reversal:
Daily - Overbought (Limited upward movement).
Weekly - Oversold.
Fundamentals:
Watch out for Dec 1-2, 13 (Fed data).
On December 01 , Fed Chairman Powell speech on the U.S. economic outlook and job market.
On December 2, the United States Unemployment Rate data for November.
The probability of a 50bps rate hike on December 14 is currently 75%.
Noteworthy:
The trend is your friend; Identify the trend, ride the trend;
Once you get risk free, ride the trend until it end and reaches its bend.
No one ever went broke taking profits whenever the crypto market trend (direction and time) is in your favor.
Do not forget the historical wise saying, "Never invest more than you can afford to lose."
Not a financial advise, I suggest using this only as a guide - Do your own research.
Let us know what you think about this subject in the comments section below.
Kindly support this idea with your like and comment, thank you.
Note
Ethereum now bullish on higher time frames, but bearish on daily time frame.Expect a possible one leg down before rally.
Stochastic RSI:
Monthly - Bullish;
Weekly - Bullish;
Daily - Bearish;
Note
Impact of CPI data on Ethereum price:Too much noise right now.
Wait for high probability set ups over the coming days after the noise settles.
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