ETH/USD 4hr Bullish Divergence - Constantinople in 4 days
Updated
For only the 3rd time since December 16 2018, a bullish divergence cross of the signal (in green) below the MACD - may happen.
Marked on the charts is the starting price on the cross over for the last two times, along with a purple line on the MACD when the past two crossovers occurred.
The past two times, ETH has risen by at least $10 in the immediate term & trended up past resistance quite easily.
This would still be a short term long position, would not be surprised if ETH shot up in the next four days until Constantinople then crashed to $80 again.
I would not consider a bullish overall market for ETH unless the price reaches $220, then $320+ for higher highs.
I have been watching ETH and with Constantinople taken into account, I predicted the recent drop a week before it happened here:
This downward trendline on the dark chart is the same as on the linked chart - ETH hasn't broken it, but has tried multiple times since August 2018.
Marked on the charts is the starting price on the cross over for the last two times, along with a purple line on the MACD when the past two crossovers occurred.
The past two times, ETH has risen by at least $10 in the immediate term & trended up past resistance quite easily.
This would still be a short term long position, would not be surprised if ETH shot up in the next four days until Constantinople then crashed to $80 again.
I would not consider a bullish overall market for ETH unless the price reaches $220, then $320+ for higher highs.
I have been watching ETH and with Constantinople taken into account, I predicted the recent drop a week before it happened here:
This downward trendline on the dark chart is the same as on the linked chart - ETH hasn't broken it, but has tried multiple times since August 2018.
Comment
This has been quite boring moving forward.On the 4hr the Histogram has flipped, the signal has gone below the MACD for a bullish divergence, RSI is showing oversold. (but those do not update on the chart above).
There has been a volume drop since I posted this, giving less conviction to the short term bullish signals than when I posted.
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