ETH (Prj.2019.P02.E01).Macro level analysis
Updated
Just keeping it short:
With a BEARISH Divergence looming in the background and the current trend is down, along with BTC Dominance to go higher, ETH has further downs to go.
4 HRLY Chart: Bearish (Hidden) Divergence.
Daily Chart: RSI supports the hypothesis
WEEKLY Chart:
With a BEARISH Divergence looming in the background and the current trend is down, along with BTC Dominance to go higher, ETH has further downs to go.
4 HRLY Chart: Bearish (Hidden) Divergence.
Daily Chart: RSI supports the hypothesis
WEEKLY Chart:
Note
Bullish div. played outNote
Also note on the Daily, the downward channel is still intact. Until this is broken and the bottom of the potential break is tested or we have a higher low...i would not go long.Note
Note
Trade closed: target reached
Trade closed: target reached
Successful forecast
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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