A ETHEUR longterm weekly macd-evaluation seems to give a fairly indicative picture. After the MACD of this timeframe shifts towards lower levels the price does not fail to continue a significant set-back.
Aproximate numbers, measured from the highest price before the arrow, to the lowest on the slope (errors may occure):
Jul -17; 234€ (68%),
Aug -17; 165 (50%),...
A followup on my previous post, with a larger picture.
It seems that the .236 level might be holding, meaning the down-trend will soon continiue.
If not, the next fib.- levels are at 319 € and 336, the last one i consider to be downtrend-breaker-indicator.
We also see that the .5 level (336) resisted on the 17th, indicating that it was not possible to turn the...
The Ether-price went out of the triangle mentioned in my previous post, down to about 270€ shortly, as suggested.
Now the question is if that was a retracement in the up-wards trend or if this is one in the down-trend. If the price makes a clear crossover of the fib. -0.5 level (at 301-302€), the upwards trend might still be alive. If not it still loks like short...
Expecting a bigger move to start soon, antime within the 5 next days.
An idea about a short/medium-term targets would be:
-If up, around 380 € derived from bollinger bands with base 50, on daily chart, and previous highs.
-If down, my idea is around 270€ or 200€, based on earlier levels.
As all know, theese are just shared thoughts, not predictions...
But since...
Weekly chart, bitfinex. Another observation: These two trend-lines starts at the close of the lowest bar on the downhill-slope and stops at the close of the first bar after the ultimate high of the last two longer bull-runs. Well, -Ultimate high of one of them at least. The second remains to see, because, after all, coincidences float around like jellyfish.
The...
