After ETHUSD pair fast recover to 0.618 level(1397), then fast fall to 1253, now it looks stand firm above 6 day EMA. (A range trade between 1260 to 1390.) Maybe it plan to challenge 14 days EMA, said 1377.
Maybe it is in a fast XABC correction. It it is in this case, XA might be equal to BC, which target at around 1188 to 1200 region. We play only-buy strategy starting from 700-800 days, 800-900days, and 900-1000 days, and even if it reach 1100 to 1200 days log Moving Average. Some of them: hit and run. Some of them: long term holding.
It looks like a proper buy zone from Grid Trading logic. buy 1/3 position between 700 Day and 750 Day LogMA buy another 1/3 position between 750 Day and 800 Day LogMA And buy another 1/3 position between 800 D Log MA 900 Day LogMA. This is a Personal Record only, not a trade advice.
Overall, it is still in a small step forwarding bullish. Possible development next of the ETHUSD pair: 1. Lime Scenario After cumulation, stand firm above 130 Day MA, then Breakthrough the purple line(160 Log MA), to challenge previous high. 2. Blue Scenario (copy the previous behaviour) A temp quick dump to Break down(130 Log MA + 120 Log MA) for testing the...
Today Bitcoin is the major market Focus. ETHUSD pair to break or not to break the Key bearish resisitance line (RED) is a question. Let's enlarge to look: Need Volumn to confirm it.
Yesterday ETHUSD pair Hit 115 day log MA(Volumn small), then starting profit taking dump. (last time when price hit 115 day log MA is around 26th Auguest, 2022, then dump) This profit taking dump hit several stop orders. Market buyers's stop orders kill buyers. Let's observe will uptrend pattern be terminated or not. Now price is around 700 days and 750 days...
ETHUSD pair continue a small step uptrend. Yesterday it just touched the 20 Days average line, first time come back to test. Expecting it test low again for making sure the uptrend channel keeping well. And to make sure it escaped from the decenting triangle pattern.
Expecting it test low again. Moving 800 Days Log Average is around 1430. Moving 900 Days Log Average is around 1300. Our target buy zone: 1335 - 1450
Just a small touch of 200 D MA, which is the first touch of the 200 D MA after oversold under 200 Days MA in April(It happened that 50 MA just cross under 200 MA) Market might try to Backtest the 50 Days MA. Could it be a Push Down To Buy(PDTB)? Let's observe it.
ETHUSD pair looks like want to challenge 200 Day MA, it might be walking the following 2 Scenario that we guess: 1st Scenario: Blue line, a possible ascending triangle development. 2nd Scenario: Green line, possible Back test 120 MA and 10 days MA
First Test Neckline, ETHUSD was rejected, which it is expected. We guess maybe it will be developed in the following 2 Scenarios: First Scenario: Back test 20 days support Zone, if it provide support, then it might test high again. 2nd Scenario: Back test 50 days average zone, then go up to test 200 days average. Let's see if it goes in our guess scenario next.
Recently ETHUSD pair range between 12 days to 130 days MA. Higher High and Lower High, a moderate bullish pattern. Possible development for next week might be: 1) Green line: narrow range around 125 days MA for a while, then break 130 MA, and challenge 140 days MA 2) Blue arrow: backtest 110 MA, then challenge previous high (Said 140 days MA) Let's see what...
Lowest side: 50 days moving average: said: 1200 hours moving log average. Middle side: 100 days moving average: said: 2400 hours moving log average. Highest side: 125 days moving average: said: 3000 hours moving log average.
Another test above-mentioned range. Higher Resistance at around 1230 to 1280. (Last Friday and This Friday) Lower support at around 998 to 1020.(Next few days?) Let's see will it test the lower support zone again?
May be a Range Trading inside the triangle. Pressure is the neckline(Yellow). Support might be the Blue Line. Let's see if it is in this range for a while for seeking next direction.
It is Very Rare to have! Orange Line is 1100 days moving average line. Lime Line is 1200 days moving average line.
A possible falling wedge. Be caution of short position.
Look likes the first level bearish target hit. Rebound is expected. Hit and run.