Here's a look at ETH/USD for the year at the Daily level.
Fib retracement was drawn from highest to lowest wick back to 1 Jan 2021.
The 'wave' shows VWMA at the 13, 34, 89, 233 Day marks.
...
We can see some pretty clear marks hit on the way up, and that we've not quite cooled off to the 233D or 0.618 levels from our ATH.
It seems we'll be hibernating a bit with...
Needed a change in my charts and to do some housecleaning, so am playing around with scripts and color themes.
Here's VWMA plotted on a Fibonacci sequence (8-233 days).
Liking it so far, but will keep tinkering.
Here we can see a really nice squeeze going on.
We've been getting a solid pinch before opening up and bouncing off Kumo.
We recently broke out of the bigger wedge, and are riding between the two tops.
Looking at MACD, it seems we're ready for another hop & skip upwards.
Right on time for the update on the 27th.
:) :)
Lines of wedge drawn from Daily level: Upper from ATH, lower from Jan.
Verticals (Eyes) are on the 27 Oct update, and where the wedge terminates - right around the estimated update to 2.0 sometime around May.
Smiley just for fun.
----
Previous chart a couple weeks ago looked like we'd be going down a bit closer to Kumo before this next update. Moved up instead...
Looks like we're headed towards Kumo on the weekly.
MACD & RSI both just getting started on the downturn.
Where it meets around end of October is right on the bottom of the current wedge.
We'll see if we slice through, or if we bounce off Kumo upwards.
Nothing looking out of the ordinary. No worries here.
Generally always neutral, because I'm just hodling...
