WallerBaller

ETH/USD: Could be seeing a reversal to downward pressure soon

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COINBASE:ETHUSD   Ethereum
ETH/USD is testing the green upper 0.618 Pitchfork channel. If history repeats, ETH could be seeing a reversal to a period of downward pressure. The 100% retrace is HIGHLY UNLIKELY, but the 70% is LIKELY. Need to pay a close attention to the 12D Timeframe. The green line is at 108.36; Blue LSMA is at 100.91; Red RSI is at 104.56; & White Energy is at 59.56. When the white energy drops below 50 price action is likely to fall.
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The 12D candle closes in 1 day 19 hours.
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NOTE: Price action could still experience upward pressure. I am anticipating downward pressure AFTER the 3D, 6D, 9D, & 12D candles close in 1 Day 18 hours.
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I recommend checking out David's Technical Analysis for ETH

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Compare the 6h for ZRX/USD(TOP) with the 12D on ETH(BOTTOM)

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The Phoenix Ascending 2.201;
ZRX(6-hour): Green = 111.99; Red RSI = 109.18; Blue LSMA = 101.77; & White Energy = 58.5

ETH(12-Day): Green = 108.65; Red RSI = 104.61; Blue LSMA = 100.95; & White Energy = 59.88

This is NOT financial Advice and I am NOT a financial adviser. This is my opinion based off of my knowledge of using these indicators.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.