Check it out. Looks like a cup and handle forming, but who knows. It would have to bought up pretty soon to break out of the handle. Buy signal is aggressive bullish price action followed by a breakout above the top of the handle/cup. Good luck traders!
The 4H macd is above 0 but crossed down recently. The 1H macd is rising, but very weakly and below 0. I'm thinking it will get denied from the zero-line and stay below 0 rather than breaking out here. It may not, but that is what I'm looking at right now. Good luck people.
ETH looks like it may correct. Looks like bearish divergence to me, using this accumulation/distribution indicator.
I've spotted a divergence on the 1 Hour chart with my indicator. I don't know if it's a good signal, but it looks as though the momentum is slowing. As you can see, while the price makes a higher high, the momentum indicator makes a lower high. This is usually a leading indicator that the momentum is slowing, but maybe it is overshadowed by a larger move on the 4H...
This is quite interesting. Got the idea from another user, but I like what I see here. Break-out in March?
Take a look. It appears as though we may see an inverted bart ahead (bullish). On the 30m, ETH crossed below and remains under the EMA200, but on the 1H, we are still above EMA200 and it is still support. I think if a big buyer steps in at some point in the next 24h, it will trigger FOMO and we will see the completion of the inverted bart. If the inverted bart...
Check it out. On the 30 min interval chart, it looks like the level becomes really strong when the HMA250 (orange) and HMA500 (grey) converge. The last time these HMAs converged, BTC broke through the resistance/level to initiate the breakout. I'm thinking that at some point in the next 24 hours, BTC will either get blatantly denied from this level, or it will...
There are three likely possibilities here: 1) Breakout sooner than later 2) Lower, then higher to a possible breakout (a finessing) 3) Lower and lower. Keep an eye on price action and volume as usual. I'm leaning towards 2, given that we're in a bullish trend that seems to be weakening, but ya never know. Can BTC break above these moving averages acting as...
Could it be so? Let's wait and see folks! Good luck traders!
Let's buy this baby up again! Lookin like a solid trend!
Looks like BTC could be primed for a breakout. Let's buy the breakout if there is strong volume and bullish price action. Good luck traders!
Long opportunity or future fake-out? Be very wise on this next move! Good luck!
Looks like a decent long setup. But what do I know...let's see how it plays out! Good luck traders!
I thinking a fake-out, and a pullback to $440 or $430 in order to cool off and reset for a new leg up.