Ethereum may be nearing the end of a running flat correction, and ready to resume its bull run. It has stopped at the 100% level of its trend-based fib, with a higher low than its previous two lows.
NOTE - If this was an expanding flat, Ethereum wouldn't begin its reversal until hitting at or even below $100. While this is possible, I think the running flat seems more likely.
Additionally, we can find confluence in:
- MACD, which has a strong bullish divergence from price
- RSI also has a weak bull div
- Stochastic RSI recently bottomed out looks like it strongly wants to go up.
Idea is invalidated if we close with a lower low on the daily chart, and then returning to 100 dollars starts to look more realistic.
NOTE - If this was an expanding flat, Ethereum wouldn't begin its reversal until hitting at or even below $100. While this is possible, I think the running flat seems more likely.
Additionally, we can find confluence in:
- MACD, which has a strong bullish divergence from price
- RSI also has a weak bull div
- Stochastic RSI recently bottomed out looks like it strongly wants to go up.
Idea is invalidated if we close with a lower low on the daily chart, and then returning to 100 dollars starts to look more realistic.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.