NNDM has been in a parabolic rise recently since September with 3 fractal arc movements within the larger arc reaching its peak. I suspect we should be seeing a retracement in the next few days. The two key fibs to look out for are the .382 and the .618. Both are valid points of support if the first breaks then the second support will form a stronger support...
The bulls on ETHUSD are getting tired. We got a higher high but the RSI strength indicator didn't manage to achieve a higher high. This is a strong indication that we are seeing a reversal. Timing an entry for a short here.
On the hourly ETHUSD has been ranging for the last 2 days between 132.7 and 140 with stop hunt moves on either side ranging to 147.25 and 128.33. With that in mind we're looking for a further move upside with our stop loss covered incase the move goes against us. The stop loss needs to be well away from the range and any potential stop hunts. set at 124.45 Entry...
So we've tested $4100 and retested once again but this time higher at $4200 on Christmas eve. With a bearish RSI divergence and dropping volume we were expecting a move down. The move happened as expected to the downside on Christmas day. So where to from here. Well it is difficult to tell at this stage. We sit tightly on the 4HR 200MA and measuring a FIB from...
1. It's broke the bottom linear trend line it's held since reversal from 3rd April. 2. It's formed a RSI Divergence (price has higher highs but the RSI is forming lower highs) This is a sign of a bull getting tired probably reversing. 3. The volume has been on a rapid decline on the this pair since 3rd May With those 3 indicators above, I would advise to start...
On the log channel ETH has been increasing at a linear rate. It's recently broke out of the linear channel and the rate of price increase has gained. The price is at a higher angle of trajectory, indicating that the price is possibly moving in a parabolic fashion. Further price action is required to confirm the parabolic move. Keep an eye out of breach of the...