Celsius / Ethereum - Bullish divergence

On the above daily chart price action has corrected 50% with a ‘incredible buy’ opportunity illuminated. Now is time to be bullish. Why?

1) Price action breaks out of resistance with a ‘W’ in price action forming.

2) Bullish divergence. Price action prints lower lows while the oscillators print higher lows. In fact 9 oscillators are now showing positive divergence with price action, look left!

On the 4-day chart below:

3) Price action prints a Dragonfly DOJI candle. Fantastic.

4) Stochastic RSI crosses up 20.

Is it possible price action falls further? Sure.

Is it probable? Very unlikely.

A buy from 0.0015 ETH is fantastic.

Good luck!

WW

PS: Have moved the decennial point to the right two extra points to allow display of the full Ethereum fraction, i.e. 0.16180 instead of 0.0016.


4-day chart - Dragonfly DOJI

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Looks like the appreciation against Ethereum is off to a early start.

Yorum:

Dragonfly DOJI candle prints with the close of the weekly chart - excellent.

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