BTCUSDT ETHUSDT & DXY update Jan 17th 2022 W#3
ETHUSDT is still below the W 21ema, 3D 21ema, and D21ema.
This indicates that bears are still in control of the short to medium trend
W resistance=3628(W21ema)
Daily-Weekly sprt 2850-2650
BTCUSDT remains below the W 21ema even though bulls managed to close the weekly green
Both macds on the 3D and Weekly remains negative
The 6H MACD is staying positive and causing the downside volatility to remain low
The range of 44-39.6 is in correction phase
The Upper level resistance on the weekly will be at 45.5k, which was previous sprt
Lower time frame support 40200-40600
Higher time frame sprt will be the M21EMA down to the W100ema or 37000-35600
The DXY is in a correction phase. Sprt will be down to 93.5.
The current move it is creating could be wave 4 as long as it does not breakout below 93.5.
If it breaks out below 93.5, the structure will become an ABC correction
ETHUSDT is still below the W 21ema, 3D 21ema, and D21ema.
This indicates that bears are still in control of the short to medium trend
W resistance=3628(W21ema)
Daily-Weekly sprt 2850-2650
BTCUSDT remains below the W 21ema even though bulls managed to close the weekly green
Both macds on the 3D and Weekly remains negative
The 6H MACD is staying positive and causing the downside volatility to remain low
The range of 44-39.6 is in correction phase
The Upper level resistance on the weekly will be at 45.5k, which was previous sprt
Lower time frame support 40200-40600
Higher time frame sprt will be the M21EMA down to the W100ema or 37000-35600
The DXY is in a correction phase. Sprt will be down to 93.5.
The current move it is creating could be wave 4 as long as it does not breakout below 93.5.
If it breaks out below 93.5, the structure will become an ABC correction
