A bearish pennant breaks down in 57% of the cases. An outbreak of a pennant as this could cause a massive downward price movement. This allows the rate to fall below $ 6,400
ADX is at 11, which is bearish. Also the ADR find a way down. An ADX value below 20 indicates that the trend is weak. A value between 20 and 30 indicates a neutral force. Note that this does not mean that the trend itself is neutral. The indicator says something about the power of a trend. Finally, above a value above 30, there is a strong trend. Support...
With a triple top in recent days, the price will now go to 6900. The price will rise slightly by the FOMO tomorrow (21 May SEC), but then drops to a support level of 6900. The volume has also been reduced so that the resistance level at 8500 will not be achieved in the up coming days. Probably this is the last opportunity to buy BTC low nivau.
See the ADX value in black: Are we still in the bear market? An ADX value below 20 indicates that the trend is weak. A value between 20 and 30 indicates a neutral force. Note that this does not mean that the trend itself is neutral. The indicator says something about the power of a trend. Finally, above a value above 30, there is a strong trend....
See the ADX value in black: Are we still in the bear market? An ADX value below 20 indicates that the trend is weak. A value between 20 and 30 indicates a neutral force. Note that this does not mean that the trend itself is neutral. The indicator says something about the power of a trend. Finally, above a value above 30, there is a strong trend. *Stop-Loss: ...
Bears send ETH back to 100. Too little volume as a comparison in 2017.
Unfortunately back to major support from 143. Then possibly again resistance test. The advance decline and RSI indicate a decreased value. Where's the volume?
If Fibonacci is followed, we are now at (5) The price will drop to around 5100 in two weeks and then become a bull run. All this has to do with the volume. This volume is still too low for a bull run. The advance decline (AD) is also very low, which indicates that it will take some time.
This is my first time I share some of my knowledge and I do hope that in the right direction. It looks like a Cup and Handle. This pattern is characterized by a rather long U-shape. First the cup will be filled, after which a handle will also be formed. After the exchange rates have risen again, they fall for a few more weeks (handle formation). With a break...