MUST READ: Staggering similarities on ETH/USD
On December 2nd, 2018, the ETH/USD chart:
On December 4th, 2019, the ETH/USD chart:
Contemplate the picture yourself. Do you really need any more proof? It's no rocket science: the price of ETH/USD will either increase now, or make one last move down before increasing. If you will act upon this chart, please set stop-losses according to your desired term, volatility and risk/reward ratio. Remember, it's not about finding the perfect bottom, but eliminating risk!
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to take 100% responsibility.
Follow @MeowSignals for more insights! Also make sure to visit our...
Facebook: https://www.facebook.com/meowsignals/
Website: (coming soon)
- Short-term volatility (orange) crossed down long-term volatility (blue) as seen on the indicator.
- All four Quad CCI values were below -100, soon to be inside the first standard deviation again.
- Because short-term volatility was down, it was easy to drive prices up.
- One last selloff occurred, followed up by a parabolic upward move.
On December 4th, 2019, the ETH/USD chart:
- Short-term volatility (orange) crossed down long-term volatility (blue) as seen on the indicator.
- All four Quad CCI values were below -100, soon to be inside the first standard deviation again.
- Because short-term volatility is down, it is easy to drive prices up.
- One last selloff could occur, followed up by a parabolic upward move.
Contemplate the picture yourself. Do you really need any more proof? It's no rocket science: the price of ETH/USD will either increase now, or make one last move down before increasing. If you will act upon this chart, please set stop-losses according to your desired term, volatility and risk/reward ratio. Remember, it's not about finding the perfect bottom, but eliminating risk!
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to take 100% responsibility.
Follow @MeowSignals for more insights! Also make sure to visit our...
Facebook: https://www.facebook.com/meowsignals/
Website: (coming soon)
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.