ETHUSD Turnaround Candle
The end is nigh my friends, here is my analysis on which direction will be the eruption.
This is primarily a candlestick analysis, with the two following updates being a part of such as well.
1) RSI & CMF are diverging Bullishly on the daily
2) We had record breaking bullish volume last Thursday during the bullish engulfing candle.
3) 3D candlestick also closed bullish engulfing with massive volume
4) WEEKLY HAMMER ON ATH VOLUME!!!
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Ok, ok, we get it, its bullish af - what do I do about it??
Well, I have drawn in the purple line @ $185 which is the previous weekly bottom of two weeks ago (shown on weekly chart).
Beyond that, there seems not to be any trend lines or bottoms within a reasonable distance that we will hit, so I will stick with $185 as our farthest entry.
Best of luck and trade safe!
Moving Fourth.
(P.S during the dump earlier today longs closed & shorts opened which is great.)
This is primarily a candlestick analysis, with the two following updates being a part of such as well.
1) RSI & CMF are diverging Bullishly on the daily
2) We had record breaking bullish volume last Thursday during the bullish engulfing candle.
3) 3D candlestick also closed bullish engulfing with massive volume
4) WEEKLY HAMMER ON ATH VOLUME!!!
'
Ok, ok, we get it, its bullish af - what do I do about it??
Well, I have drawn in the purple line @ $185 which is the previous weekly bottom of two weeks ago (shown on weekly chart).
Beyond that, there seems not to be any trend lines or bottoms within a reasonable distance that we will hit, so I will stick with $185 as our farthest entry.
Best of luck and trade safe!
Moving Fourth.
(P.S during the dump earlier today longs closed & shorts opened which is great.)
Note
3DNote
WeeklyNote
$185 also looks like a great buy on the line chart
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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.