ETH more likely to fall back down?
Updated
Cyber Ensemble sell signal triggered on the 3hrly.
BTC also looking weak atm:
However still need to wait for the breakup/down for confirmation and look at the macro timeframes.
IMO shorter timeframes doesn't predict price movement towards the end of a consolidation that well.
1D chart bullish in the longer term, but looks like it wants to come down to revisit 216-228 USD first.
i.e. could set 50% of the trading pool to catch a break up, and the other 50% to catch a break down at appropriate levels.
See previous analysis:
BTC also looking weak atm:
However still need to wait for the breakup/down for confirmation and look at the macro timeframes.
IMO shorter timeframes doesn't predict price movement towards the end of a consolidation that well.
1D chart bullish in the longer term, but looks like it wants to come down to revisit 216-228 USD first.
i.e. could set 50% of the trading pool to catch a break up, and the other 50% to catch a break down at appropriate levels.
See previous analysis:
Note
Updated chart:Found support finally?
PRISM Signals "Buy" signal triggered. Need to wait for candle close, and Cyber Ensemble "Buy" signal to trigger as well.
Acceleration/Jerk Oscillators looks like its about to turn around..
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.