Updated

ETH - Red on daily

Likely will have soon some recoil to the 450 range before next decision. Mind the 'every 16-day drops' and the consolidation between them. Daily RSI been below 50's for the whole downtrend and unless we cross above it down will continue. A good indicator is around halfway of the 16-day cycle: if we haven't crossed to positive RSI the chances are high we continue downtrend.

Not trading advice or anything. Just observations. Let the chart speak to you.

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Wow... That was a 100% spot-on prediction :D

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New midterm (week or two) predictment:

Green dotteds as uptrend pressure and red dotteds as downtrend pressure.
Orange stripes as predicted path based on previous cycle angles and the bounce from the current downtrend channel's lower bound. Could reach 380-400 in a few weeks time.

Not trading advice tho.

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Selling preassure was too much, which broke the consolidation line to straight out massacre

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ETH showing further weakness. When HULL MACD blue line crosses 0 and red starts coming down it's a trainwerck.

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Finaly some bullishness. Yellow is midterm bear, short term bull. Keeping an eye on the outcome.

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Sorry 4the previous screenshot. Had a small prediction there from the 15th which i forgot to delete from the scrshot today... That is not valid anymore :D

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Still pointing downwards, unless some big buys happen (has happened in past, but TA points downwards).

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Target of 220 set yesterday hit.

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Careful now, wait for a move.

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So as a recap. Previous move went up.

As a new current update, got a buy signal from my script. Let's see how it unfolds...

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ps. Volume is low so im not yet convinced. As a note to myself: maybe I should incorporate volume to the signal indicator to invalidate low volume bottoms...

scilentor

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scilentor

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