Notice: - Red RSI is below level 50 in the 12 Hr - Red RSI turning back down on the 3 HR - Blue LSMA on 12 HR is turning down, increasing chance of bands expanding Current Race: - Red RSI in the 45 minute has crossed below 50, triggering race between 45 and 90 minute - Red RSI in the 90 minute is turning down and seems likely to go below 50 Thoughts: - Range...
Race Triggered Between the 6H and 12H. - 6H Red RSI already closed below level 50, triggering race between 6H and 12H - White Energy in 6H needs to close above 50 before red RSI in 12H closes below 50 I'm expecting a range between lower white and lower orange bands. Perhaps a bounce like @WyckoffMode is expecting for BTC where ETH wicks somewhere between the...
ETH is once again wedging on the 15 minute time frame. Support appears to be forming in the purple box. Price target of $1225ish comes from a local top printed January 28, 2018. Maybe set take profit slightly below (don't be greedy!) First post, comments appreciated! :) ** NOT FINANCIAL ADVICE **