Just an idea: Look likes a range accumulation trading: --Maybe can consider to quick Short if rejected at the red zone. --Maybe can consider to quick Long if rejected at the green zone.
Merry X'Mas! Happy New Year! We plan to Buy More!
Test for several time around here. Price drop and Volume decreased.
After panic selling from China Government try to prohibit several FAKE digital trading centery, the Market is trying to searching support. On the other hand, 240 and 270 hours simply moving average are playing the key resistance zone for drop rebounce. Market is trying to guide these 2 line for a little bit lower and lower. Let's observe if this zone could be...
It might be a SOS rescue wave. Let's see if it is a locked up market reaction behavior pattern.
Is it the another smile curve? Let's back to the end of last year(2018) VS current development 2018--A temp breakup 50 days MA, then drop back. 2019--two temp brakup 50 days MA, drop 2 times lower than 50 DMA. Let's have a closer look to current development: --third breakup 50 DMA --50 DMA has been turning up for 3 days. --price development facing big...
Bear might attacks, and Bull might support. Let's see which side prepare the enough bullet to fight with?
Break 185 resistance, and 1st time challenge key resistance level. IT has built a good structure for bullish trend. It looks might come back to test 1st level support. (Lime Scenario) or Even more Back test second level support.(Red Scenario)
Maybe, after a fake break at 193, a free fall to 178. Or Maybe next will be range trading between 175 to 185. Bear might want to test low, Let's see can 173-175 provide enough support?
We think it had built a very good structure On 21 Oct, 2019, and think it was moderate bullish. Now it has challenged the first level pressure: 178-180. But the 183-185 challenge fail. Let's see how bear reaction to the challenge that might come in the near future: Challenge level 1: 183-187 Challenge level 2: 190-193 Challenge level 3: 198-200 Key Support level...
Look likes it has Built a good structure. If 178-180, and 183-185 challenge successful, it might be a way of bullish trend , then.
It might be a range trading around 176 to 200. 50 Days MA is around 184-185 20 Days MA is around 179-180 200 Days Low MA is around 198 Range trading testing low and testing high for finding new direction.
It might be.... ---Killer buyer know lots of small buyers have long position for waiting breakup the resistance. ---Killer buyer Kill down the price to hit those small buyers' long position stop orders. Let's observe this might be a cleaning followers strategy: --If push down again to the region around 155 to 160 again and --the price not breakdown and volume...
Ethereum is supper weak than Bitcoin. Bitcoin is the major role of digital currency. Recently it looks like the same situation as last year at the same time season. It looks like for seeking a bottom, but the drop not very deep and volume is small. It indicates someone else is push it down to do something that they hope to. We are planning to have our Long Term...
Last week review: As per last Monday's analysis: "Daily chart looks it will test low again". And it test it successfully when one of the major trading center close, causing some of selling orders find no buying orders. Stop loss orders plus panic selling, the price was falling to around 170 level(280D SMA). After this major trading center reopen, price rebouce...
Box moving counter 30 days MA pressure, last week range trading around 200 to 230 range. Daily chart looks it will test low again, but not very strong. Weekly chart looks moderate bullish, but not strong. This week out look seems still in Range trading for finding new direction. This range trading situation is very similar with last August. But at that...
Ethereum USD pair continue Range Trading Between 180 DSMA to 400 DSMA Last week dumping expected as we mentioned in last post Be caution of the Sunday Dumper This week might continue the accumulation period pattern: Box Trading between 180 D SMA to 400 D SMA (said 195 to 225)
Be caution: Sunday Dumper has a habit and love to dump on Sunday and Monday. 200 is a key support level. 200 days SMA also provide a good support. Sunday Dumper might want to dump for testing this level again, therefore, be caution of that. We plan to Go Long more if we detect the dumping is a Push Down to Buy by the key players. (230 is key Pressure)