ETHCAD -Update on the weekly timeframeThis analysis assumes that the May 17 and June 21 lows, which break the wave 1 high from Jan 8, 2018 (not allowed according to EW principles) is in fact a wave 4 bottom, and we are currently in a wave 5. The Fib targets for the cycle W5 are around 6k-7k (the -0.146 and -0.382).
On the lower degree
This will be fun to watchWhat I like the most about ETH is that it is very trend following. It just broke the wedge that it has been bouncing between for weeks and is rallying up as expected. However, the $2570 is the last obstacle in the way if it is broken we can see ETH push towards the $2900+ and into new price discover
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.