Price held with a small but steady bounce right at the 300W MA---a support many Market Markers have been eyeing since the 200W MA was broken in BTCUSD. ETH showed an even stronger interaction with the 300W MA support. As well, we see a Bullish Engulfing Candle at the bounce, which has also appeared in BTCUSD, signalling a reversal. This is a promising signal for...
Not much TA going on here. Just thought I'd throw this out there.
Chart notes: Successive death crosses on the MAs. (Inputs are 50 and 200 for the 2, 3, and 4-day periods) 20k ATH tested with locally high volume though should be noted the volume is very low on the weekly (compare with previous bottoms) Many people suspect a bear rally or relief rally to follow. I think price action will be choppy for the short term as the...
DASHED LINES: When the 12 EMA crosses above the 26 EMA on the 1D MACD we get a reliable signal that the price will rise (will be higher by the next alert). SOLID LINES: When the same occurs on the 2D MACD we get confirmation. And vice versa when the 12 EMAs cross below the 26 EMAs, the price will fall (will be lower by the next alert). —— As you can see,...