It looks like a Ping Pong Ball jumping between 1080 to 1200(The Range) Recent fall trend is a parallel channel. Current up trend looks like a rising wedge. Be caution. This is a personal record only, not a financial advise. When trading, Please take you own risk and your own study.
Red: Bearish triangle Flag if it is in this case, further drop might be expected. Blue: Bullish Flag if it unable to breakdown the previous low(1071), then it might find somewhere to build a bottom. Note: Green line: 1100 days log moving averag Bule line: 1200 days log moving average Let's see what it will be.
Short Term View(30 minute chart): Uptrend channel is around yellow color(Pressure Channel) and blue color(Support Channel). Long Term View(Daily chart): A clear triangle pattern is in developed. Trade between short term and long term pattern might be safe. Personal record only. Long only strategy.
Small Range Side Walk. Probability A happy Range Trading in weekend. It will back to normal trading trend(Originiall it is a bullish trend from daily chart) after FTX event.
Falling knife. A standard Buyers kill buyers pattern. Hit our long term buy zone for 3 times(Bottom Red line), and our short position close. Now Long only strategy. We have a small trial long position (Hit and run).
It was not a bad looking after last Friday test new high 1677, then it did not try to test new high. As previous analysis: "Let's watch 1500-1525 could hold or not. If it could not hold, a further correction might be coming." A Panic selling after FTX FTT liqudation announcement from Biance today, but volume small. We obserbed 1500 to 1525 area and it did...
That's too bad it(ETHUSD pair) did not test high side again but test the low side after last Friday touch a new high (1677). We see cross trading between Ethereum and Bitcoin (Buy Bitcoin and Sell Etherem) actively as safe guard. Althought price drop and volume decrease could be viewed as bullish signal, but should be caution the revesal. Long term pressure is...
Long Term Prospect: ETHUSD is facing a long term pressure downtrend line. Short Term Prospect: sellers have been facing several anti-shorters challenge. Daily and 4 hours chart are moderate bullish. If it could test the upside, said 1688 or 1700, then backtest 1500 to 1525 to confirm bullish trend, that would be nice. Then a break up the long term presssue...
After the price touch 200 days log MA(our first target), ETHUSD starting a downtrend correction. Price drop together with volume drop, too. It seems that 150 days MA(low) provide the first leyer support. 8 days EMA, 20 days EMA, and 50 days EMA are all in the uptrend. If it could try to test low side again(the low side of the RED paralllel line)(8 days EMA) or...
As per Previous analysis XA=BC. And now one day price break 50, 100 days log MA, and touch 125 log MA close might be around 100 days log MA with huge volumn. ABC correction maybe could be confirmed. - backtest 50 days log MA is expected. - upside target: Target 1: 1667 Target 2: 1790 Target 3: 2000 Target 4: 2341
It's Friday. Maybe it is a good time for correction.
Market(ETHUSD pair) is in a Range Trading. Volume related small. It might try to Test both side. Low side: lime box. High side: pink box.
Recently, we obserbe that. Blue line: ETHUSD Orange line: JPN225 index Nothing for trend prediction. Just Share with you.
Need volume. If the volume equal to Sat. and Sunday, then maybe a Range Trading only. Let's observe Dumpers's and Pumpers's reaction.
Saturday backtest volume small, the market momentum seems plan to test high side. Pressure is around 1330, 1343, and 1384. Support is around 1250 to 1265.
ETHUSD pair rapid drop to almost touch 1000 days Log MA(1188) with huge trading volume. Several sellers were traped in this fall. Ichimoku indicator indicated extremly oversold while falling. Let's observe this recovery.
Recently ETH: USD pair slightly uptrent, but fail to challenge previouw high(1397) It looks like rejected by 20 days EMA (RED) Small dump on Friday(10/7 '22) Friday closed above 8 days SMA(blue) and 20 Days SMA(Orange) Previouse pressure line(RED), now maybe become support line(Blue) If we draw an uptrend channel, receent price was unable to cross above the...
Recent 4 weeks, we observe that dumper seem love to dump on Sunday Night or Monday Night. Will it come again?