ETHUSD Appears to have Peeked in its Automatic Rally; Will know

15 Jan 2017

more when we look at Heikin-Ashi candles next. Coming down from this Bear trend, it looks like we have peeked and heading into this wedge. I'm saying SHORT for now. Heikin-Ashi candles next in comments.

Heikin-Ashi is showing more of a reversal on this Weekly as well. Which see:

We have a long wick (shadow) underneath the last candle indicating reversal. I believe AR has peeked.

PARDON THE COLORS ON MY CANDLES. For some reason they do not want to change to the colors I want them to.



The Daily Heikin-Ashi indicates reversal as well. The previous was the Weekly.

15 Jan 2017

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closer look at the daily Heikin-Ashi (HA).

15 Jan 2017

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Excuse me, this is Heikin-Ashi (HA):

15 Jan 2017

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still reversal to the down side on the Daily

15 Jan 2017

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IMPORTANT UPDATE: My short was for short term. It's looking like another leg up can be coming down the pike soon. At least with current WEEKLY indicators. My details with the 1h chart last night was for short term analysis.

The chart is using Heikin-Ashi candles on the weekly:

15 Jan 2017

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After further analysis of both DASH and ETH, it looks like CG is letting things flow as they will and will make adjustments on the fly to propagate their plans. Just make sure to keep a close eye on the USD trading side of both ETH and DASH while maintaining a watchful eye on BTCUSD.

15 Jan 2017

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KEEP IN MIND, My SHORT announcement for ethUSD was for the short term. This one will be worth getting into for a long in the near future.

17 Jan 2017

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How large will ETH's Loaded gun become? How far it's coming sideways on the weekly has me wondering if it may come up another leg sooner to form a larger hand gun rather than continue down further to a Second Test on the Weekly. Closer analysis of the Daily, 12h, 6h and 2h might give some clues.