ETHUSD today analysis, 191010. I think it will drop to $184~186
Updated
Hello, my friends. It's Cryptoranger K.
Yesterday ETH has risen quite a bit. And so far, it hasn't shown much movement. In fact, I posted a short analysis saying that ETH is likely to rise, and I immediately deleted it. The chart shown above is a 10-minute ETH chart. As I saw earlier, I thought the current flow was a rising pennant. But in another way, the flow looks like a rising flag. The reason I wrote it is because no matter what the current flow looks like, I've seen it as a place of decline. The reason is that I thought by looking at the ETH 3 hour chart.
Yesterday ETH has risen quite a bit. And so far, it hasn't shown much movement. In fact, I posted a short analysis saying that ETH is likely to rise, and I immediately deleted it. The chart shown above is a 10-minute ETH chart. As I saw earlier, I thought the current flow was a rising pennant. But in another way, the flow looks like a rising flag. The reason I wrote it is because no matter what the current flow looks like, I've seen it as a place of decline. The reason is that I thought by looking at the ETH 3 hour chart.
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(ETH 3 hour chart)Note
If you look at the three-hour chart, the first MACD histogram is going down, drawing the second arch. Secondly, the RSI approached 70, and thirdly the stochastic was also ahead of the Dead Cross.For these reasons, I thought this flow would lead to a decline.
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(ETH 1-day chart)Note
If the price falls, the price of ETH is likely to fall between $ 184 and $ 186. Currently, the candle is far from the 20-day line on a daily chart. I think the price is more likely not to rise as it is. Many private traders bought yesterday at the high point of the candle yesterday, which is expected to rise after a few shakes of the price to encourage fear. And I expect that the candle will get closer to the 10-day or 20-day line before rising again.But for now, I don't know if the way the candle approaches the 20day line will be sideways or downturn. However, whether the price is going sideways or falling, it seems to be close to the 20day line.
If the candle falls and approaches the 20-day line, the price is likely to look at $ 178 to $ 180. I think this ascension has become a catalyst to reverse the direction of the 20th day of the 1day chart. However, while the 20-day line is still in decline, I think you will see a change in the next few days. In my opinion, the 20-day line is not easy to bend, so I expect the price to fall. As the overall trend is rising, I think it will drop to $ 184 ~ $ 186 first, but it may be accompanied by excessive selling, so I think it's better to watch first.
Today's analysis is up to here.
Hopefully the rest of the day will be filled with pleasant things.
Thank you.
Note
Today was a hard day for me to analyze charts. But I think that I should worry about this as much as I protect my assets. And most of all, it's fun to see charts and find directions.Today, everyone had a hard time surviving today. I think you are struggling like this to survive and to be happy like me. I sincerely hope your efforts will have a positive result and I will go to bed. Have a peaceful night and see you tomorrow.
Thank you.
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