ETH/USD - Wait from deviation
I anticipate increased volatility in cryptocurrencies over the next week. ETH/USD appears to be mirroring a pattern observed a few weeks ago. This similarity can be spotted in the RSI and the 'Investor Satisfaction & Price Divergence' tool. The current trend looks corrective.
I'll hold off on taking spot swing positions on ETH/USD until I see a departure from the present trend.
While considering positions, I'm being cautious. Some indicators, especially on the Weekly, 2-Weekly, and Monthly timeframes, raise my suspicions – most notably the MACD and stochRSI.
I've already taken a very small position around the current price of $1835 in case the price doesn't deviate. These positions remain very small in terms of risk management.
my opinion is essentially the same on BTC/USD.
Stay sharp, keep an eye on the charts and indicators, and be ready to act when opportunities present themselves.
I'll hold off on taking spot swing positions on ETH/USD until I see a departure from the present trend.
While considering positions, I'm being cautious. Some indicators, especially on the Weekly, 2-Weekly, and Monthly timeframes, raise my suspicions – most notably the MACD and stochRSI.
I've already taken a very small position around the current price of $1835 in case the price doesn't deviate. These positions remain very small in terms of risk management.
my opinion is essentially the same on BTC/USD.
Stay sharp, keep an eye on the charts and indicators, and be ready to act when opportunities present themselves.
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