ETH - Red on daily

1 ago 2018

Likely will have soon some recoil to the 450 range before next decision. Mind the 'every 16-day drops' and the consolidation between them. Daily RSI been below 50's for the whole downtrend and unless we cross above it down will continue. A good indicator is around halfway of the 16-day cycle: if we haven't crossed to positive RSI the chances are high we continue downtrend.

Not trading advice or anything. Just observations. Let the chart speak to you.

1 ago 2018

Nota

7 ago 2018

Nota

9 ago 2018

Nota

11 ago 2018

Nota

Wow... That was a 100% spot-on prediction :D

13 ago 2018

Nota

New midterm (week or two) predictment:


Green dotteds as uptrend pressure and red dotteds as downtrend pressure.
Orange stripes as predicted path based on previous cycle angles and the bounce from the current downtrend channel's lower bound. Could reach 380-400 in a few weeks time.

Not trading advice tho.

13 ago 2018

Nota

Selling preassure was too much, which broke the consolidation line to straight out massacre

13 ago 2018

Nota

14 ago 2018

Nota

ETH showing further weakness. When HULL MACD blue line crosses 0 and red starts coming down it's a trainwerck.

16 ago 2018

Nota

Finaly some bullishness. Yellow is midterm bear, short term bull. Keeping an eye on the outcome.

16 ago 2018

Nota

Sorry 4the previous screenshot. Had a small prediction there from the 15th which i forgot to delete from the scrshot today... That is not valid anymore :D

5 set 2018

Nota

Still pointing downwards, unless some big buys happen (has happened in past, but TA points downwards).

6 set 2018

Nota

Target of 220 set yesterday hit.

21 set 2018

Nota

Careful now, wait for a move.

25 set 2018

Nota

So as a recap. Previous move went up.

As a new current update, got a buy signal from my script. Let's see how it unfolds...

25 set 2018

Nota

ps. Volume is low so im not yet convinced. As a note to myself: maybe I should incorporate volume to the signal indicator to invalidate low volume bottoms...