ETH (Prj.Y19.P2.E6).Accumulation area
It seems that ETH has had its bottom in and is accumulating just under the main resistance.
Sooner or later this will be broken, passing the major hurdles such as the Daily 50 and 100 EMA, which are about to cross over.
Observations:
> Daily 50 and 100 EMA merging towards a cross over
> Daily 200 EMA is in the bottom upward channel
> Downward channel from $366 is still holding but the price sideways movement is pushing it out of the 100% range and towards the pitchfork 200% range (=change of trend)
> ETH life cycle resembles BTC life cycle as explained in one of my videos, link below
Close up view
Previous post on ETH, still relevant
Overall assessment for now, note RSI pattern
Sooner or later this will be broken, passing the major hurdles such as the Daily 50 and 100 EMA, which are about to cross over.
Observations:
> Daily 50 and 100 EMA merging towards a cross over
> Daily 200 EMA is in the bottom upward channel
> Downward channel from $366 is still holding but the price sideways movement is pushing it out of the 100% range and towards the pitchfork 200% range (=change of trend)
> ETH life cycle resembles BTC life cycle as explained in one of my videos, link below
Close up view
Previous post on ETH, still relevant
Overall assessment for now, note RSI pattern
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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