ETH: Odds Still Higher for Continued Distribution into Phase E
Hi Everyone! The 4-hour, 6-hour and 8-hour require a little more time for Stage 1 expansion down; when comparing to BTCUSD and ADAUSD (posted previously).
We also see increased odds for Stage 1 expansion down approaching in the 12-hour and 24-hour time frames; requiring the Red Line and Blue Line both to fall below level 50 with Green Line and Energy falling as well below level 50. We see increased odds approaching for stage 2 expansion down in the 2-Day and 3-Day time frames. However, we may have to wait one or two more 2-Day and 3-Day candles before we have even more increased odds for Stage 2 expansion down in those time frames. We also see increased odds for Stage 1 expansion Down to continue in the 6-Day - AND- to begin expansion down in the Weekly with the Red Line and Blue Line both about to fall below yellow level 50.
2-Week time frame is in top right corner of the following chart. We have increased odds for Stage 2 expansion down to begin either THIS current 2-Week candle with 6.5 days remaining. If not THIS 2-Week candle; then it could begin the next 2-Week candle with both the Red Line and Blue Line firmly below white Level 30.
We also see increased odds for Stage 1 expansion down approaching in the 12-hour and 24-hour time frames; requiring the Red Line and Blue Line both to fall below level 50 with Green Line and Energy falling as well below level 50. We see increased odds approaching for stage 2 expansion down in the 2-Day and 3-Day time frames. However, we may have to wait one or two more 2-Day and 3-Day candles before we have even more increased odds for Stage 2 expansion down in those time frames. We also see increased odds for Stage 1 expansion Down to continue in the 6-Day - AND- to begin expansion down in the Weekly with the Red Line and Blue Line both about to fall below yellow level 50.
2-Week time frame is in top right corner of the following chart. We have increased odds for Stage 2 expansion down to begin either THIS current 2-Week candle with 6.5 days remaining. If not THIS 2-Week candle; then it could begin the next 2-Week candle with both the Red Line and Blue Line firmly below white Level 30.
2018 Distribution; 2019 to 2021 Accumulation and 2021/2022 Distribution Periods: