ETH (Prj.2019.P02.E01).Macro level analysis
Updated
Just keeping it short:
With a BEARISH Divergence looming in the background and the current trend is down, along with BTC Dominance to go higher, ETH has further downs to go.
4 HRLY Chart: Bearish (Hidden) Divergence.
Daily Chart: RSI supports the hypothesis
WEEKLY Chart:
With a BEARISH Divergence looming in the background and the current trend is down, along with BTC Dominance to go higher, ETH has further downs to go.
4 HRLY Chart: Bearish (Hidden) Divergence.
Daily Chart: RSI supports the hypothesis
WEEKLY Chart:
Comment
Bullish div. played outComment
Also note on the Daily, the downward channel is still intact. Until this is broken and the bottom of the potential break is tested or we have a higher low...i would not go long.Comment
Comment
Trade closed: target reached
Trade closed: target reached
Successful forecast
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