ETHUSD has been hotly contested around the Daily 50 Simple Moving Average. A meaningful or violent 'close' below the Daily 50 could see some challenges to static support below, yet the Slope of Volatility is anything but down (a small disagreement in assuming a micro level downtrend here with the 50 sloping upwards - yet the current 50 BB are nearly flat sloped). Losing this nearby order block and the Daily 50 SMA could spell more disastrous than the even simpler upward 'trend-line' could handle.
I do like that the 'trend-line' is positioned again at the 50 Period Bollinger Bands 1.2 empirical constant, and the slope of the 50 Mean is tilted upwards, creating a hotly contested pivot.
The 50 Period Length is in fact the upward trend line since December. The 1.2 StdDev has been reliable in regards to mean reversion. Each time PA breaks inside the 1.2 Upper or Lower band, or even nicks it, with relative certainty, PA returns to the Mean of the 50 Bollinger Bands.
This will be one to watch.
If you want to learn quite a bit more about Advanced Volatility Theory, head on over to Shark Charts - I will link below.
sharkcharts.live
Good luck, Traders. May you find yourself on the profitable side of it.
I do like that the 'trend-line' is positioned again at the 50 Period Bollinger Bands 1.2 empirical constant, and the slope of the 50 Mean is tilted upwards, creating a hotly contested pivot.
The 50 Period Length is in fact the upward trend line since December. The 1.2 StdDev has been reliable in regards to mean reversion. Each time PA breaks inside the 1.2 Upper or Lower band, or even nicks it, with relative certainty, PA returns to the Mean of the 50 Bollinger Bands.
This will be one to watch.
If you want to learn quite a bit more about Advanced Volatility Theory, head on over to Shark Charts - I will link below.
sharkcharts.live
Good luck, Traders. May you find yourself on the profitable side of it.
