botop
Looks like a green day on July 25th, so if rise continues for a while (13 days) what does it look like? Last rises since early June have averaged 0.186% to 0.34% growth per hour. So if we draw 0.2% average growth per hour (lower than 2-10 June), then we have a target of roughly 15,200. Maybe 16k is a healthy next stop on path via 32k to 64k. Long, because it...
Currently half way between 24 month high and low, hugging 2 week MA, major US holiday, memory pool empty. I take next move of +/- 500 to indicate bear or bull move of +/- 3k. Also take EOD green candle as bullish indicator. Until 11.8 or 10.8 I assume it's a trade holiday.
Touched 7 day MA, still tracking a healthy path north.
Over the last 19 days we've spent three quarters of our time at or above 11300. 7 Day VWMA has been above 11300 for 5 days. All dips have so far rebounded back to 11300. Perhaps we have a new floor. Possibly the past few days have been an anomaly while the market adjusts to this. Just maybe we are long from a new 5 figure base.
Simple tracking pitchfork and 28 day MA both point towards ETH bouncing back up towards 0.3 this month, even if it keeps plotting a path downwards on a broader timeline.
Pitchforks that fits to track sentiment and direction, using temporary triangle to act as an bellwether.
Just something to see if it stays on track, or breaks out in either direction. For interest, if this course continues it would cross 20k in 60 days.
I have been watching this pitchfork for 24 hours, seems to fit.
Temporarily short, invalidated at 11.4k
If pattern repeats, 34k target by mid august.