Price drop, volume drop, 36 Hours Free Fall. Market Development backtest 2 key support levels 1. Log View Long term Pressure line (Red). It was breakthrough, standing above this pressure line for several days. Market come back to test it again. 2. Previous Resistance Level Zone(Blue) They are breakthrough last week, too. Market come back to test it...
Trading volume not big, and we see minor push down to "buy", and "buy" activities. This time maybe it will challenge another high. And be caution of trading risk.
Maybe it will have an another up wave, and be watch out for the correction. Because the volume is not as big as expected while break the previous high(Last week high)
The pattern looks like a bearish flag from hourly chart. But if we look the daily chart, it look like a Bullish Triangle (Bullish Pennant) Our bias is bullish Triangle(Bullish Pennant), reason is following: (1) Overall the market development is keeping in the green channel, the structure is keeping well. (2) The price does not drop a new low. New Valley Bottom...
After the bull wake up and test high, it countered the resistance at 180 Day EMA. Ethereum VS US dollar pair looks like come to back test the support level. Compare with bitcoin USD pair, the Up Trend is not as strong as bitcoin. Maybe it is just because some Ethereum item develop team dumping it for hot cash to maintain their item development. Now let's see if...
The Bull's Eyes Flash, then maybe has been completing an ABC correction. The bull push price up a little bit, for testing pressure. It looks like it is waiting for bear to sell and testing how big volume will it like to sell. (How many floating lock-up positions left?) Support 1: 140 Support 2: 138 Support 3: 134 Resistance 1: 144 Resistance 2: 145 Resistance 3: 152
After 3 days bounce, it counters the key pressure level--180 Days MA Resistance. Possible Correction Development. Reasons as following: 1. Volume is not as big as last key drop (24th, Feb, 2019), possible short position liquidated. 2. 3 days climbing up for 12.5%. 3. Last time price hit 160-165 was just kissing 180 Days MA, and it appear a big dumping (On...
It is at the cross to go Green Channel, or Go Red Channel? Let's see it might go Green Reasons: 1. Volume Drop while price drop. 2. Just a kiss 50 days SMA(DSMA), the second time kiss 50 DSMA (Last time is on 4ht Mar, 2019.) after 50 DSMA cross over 100 DSMA. 3. 50 MA close > 50 MA Open Let's see it might to Red Reasons: 1. Buying interested low (Volume...
The Sunday Dumper look like has the habit: Dumping On Sunday in an assault manner--while most of traders are taking a rest! Will it continue to Dump Today? Support: 1st Support: 40 Days SMA 2nd Support: 50 Days SMA 3rd Support: 100 Days SMA 1st Resistance: 160 Days SMA 2nd Resistance: 180 Days SMA If 40 and 50 days SMA provide support again, it might...
After upside and down side testing. Trading range around 240 hours(10 days) SMA and 3500 hours (150 Days) SMA. Both sides(Bear and Bull) are all well equipped to fight with.
One bar breakthrough 3 major average line (5 days, 10 days, and 20 days) is a BULLISH SIGNAL. +Price up and volume increased is a BULLISH SIGNAL, too. +10 days moving average cross over 20 days moving average is another BULLISH SIGNAL. +3 times test the down side 40 days average, the bear fail to break it down adding BULLISH POWER. The bullish get 4+ Signal. Is...
Recent 3 days, Asia trading time have not been keeping US trading hour up trend trading but instead keeping dump. Will it continue this dumping pattern in Asia Trading Hour? If Yes, then might retest low, said 800 hours simple moving average, or 900 hours simple moving average. If No, the upper resistance will be 240 hours and 360 hours moving average.
Current price running between 240 hours and 360 hours simple average. On the down side: Testing 10 days (240 hours) Simple Moving Average for several times. On the up side: Testing 12 day(360 hours) Simple Moving Average for several times, too. Sunday Dumping volume is not big, but hourly W bottom was rejected. Momentum is testing low preferable to find if the...
5 Day SMA Yesterday value at: 137.0774 5 Day SMA Today value at around: 139.4494 5 Day SMA Today > Yesterday: Up 10 Day SMA Yesterday value at: 136.9007 10 Day SMA Today value at around: 137.1468 10 SMA Today > Yesterday: Up 5 Days SMA Cross above 10 Day SMA 20 Day SMA Yesterday value at: 141.4271 20 Day SMA Today value around : 141.6328 20 Day SMA Toay >...
oi67.tinypic.com oi67.tinypic.com (Please click to the above image link to check the following description) Market might go itself again. We compare the pattern that recent developed in 1. From 1st, Jan, 2019 to 4th of Jan, 2019 walk 1, 2, 3, 4, 5, then 6 step to break the upper resistance of the Ascending Triangle. 2. From 13th, Feb, 2019 to 27th, Feb,...
The Bigfoot living in the forest, it is not easy to find them. But this time they left their fresh footprint, and it is very clear. According to their footprint: -They did not take a rest while price drop down these two day(From 138 to 125). -The price drop from 138 to 125 was push down by big foot(the Bigfoot make profit while price down, too). -During the price...
Ethereum side way walking, and a very good rang trading for traders. Will it go Green? or Go Red? A sudden dumping from 168-170 to 128-129, causing price side way walking for finding new direction. Some guess reasons of the 168-170 Sudden dumping: 1. Moving fund from Alt-currency to stock market for better profit(Asia Stock Market, HK, ShangHai, Korea, Taiwan...
Yesterday price drop from around USD168-170 range to USD134-135 (based on the pair of Binance that calculated by www.tradingview.com), we track and guess that maybe the major dumping selling pressure is coming from whale bullish buyers, not from whale bearish seller. The question is: Why they are willing to take profit at this level(USD168-170)? We guess maybe...