ETH Decisions
Macro looks volatile for now, and ETH sits at a crossroads. this move may have some huge implications.
Positive; 1. We are currently above the volume defined support, meaning buyers are in control for now. 2. the 8hr chart is displaying a strong positive divergence on the RSI during the formation of this lower-low, this is often the signal of a bottom.
Negative: we are under the 200d MA, a weekly close under the 200d would signal weakness in the market and might begin to solidify the idea of a volatile year-end. Further downsides will introduce a lot of doubt, but I believe that at the very least January will see a huge recovery as institutions put on risk for the new year.
Positive; 1. We are currently above the volume defined support, meaning buyers are in control for now. 2. the 8hr chart is displaying a strong positive divergence on the RSI during the formation of this lower-low, this is often the signal of a bottom.
Negative: we are under the 200d MA, a weekly close under the 200d would signal weakness in the market and might begin to solidify the idea of a volatile year-end. Further downsides will introduce a lot of doubt, but I believe that at the very least January will see a huge recovery as institutions put on risk for the new year.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.