Ethereum / TetherUSShort
Eth weekly divergence MACD
Updated
The previous swing on weekly from may till Latest swing of November the price has shown upside while the MACD showing loose momentum
.
The white dotted line will be acting as supports
Based on shorter time frame trades can be executed on price action basis
.
As this analysis is done only on weekly chart the following trade plan might take time to activate
.
Conclusions : eth looks sightly bearish for me no fresh longs will be avoided
Shorts position will be based on lower time frame
Happy trading
.
The white dotted line will be acting as supports
Based on shorter time frame trades can be executed on price action basis
.
As this analysis is done only on weekly chart the following trade plan might take time to activate
.
Conclusions : eth looks sightly bearish for me no fresh longs will be avoided
Shorts position will be based on lower time frame
Happy trading
Note
will start new analysis as eth reached its lower median and looks like it has started settling down in accumulation zone
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