ETH/USD: mulling over bearish thoughts
Güncellendi
In case you've been feeling bearish. I'd probably trade on this if we breached the locallow at ~280
Applying macro ichimoku number theory, we can see that we have just passed our 129th day candle. We can see that we have already had a reaction to reaching this point of the cycle.
We can expect some sort of impulse at around this time.
It is good to be prepared for either situation, so along with bullish projections I posted earlier, I have some ideas about bearish movements.
The shorter term ichimoku cloud elements are suggesting possible bearish activity about to occur.
If a downward N wave structure and momentum is sustained I could see us hitting one or both of the two targets shown.
Either the upper span of the 1D kumo at 273,
or
The base line's current position at 262.
Conclusion: we might go down. If we do we will see ~272 and ~262.
If we don't, check out the related idea I posted for an idea of what you can expect.
Applying macro ichimoku number theory, we can see that we have just passed our 129th day candle. We can see that we have already had a reaction to reaching this point of the cycle.
We can expect some sort of impulse at around this time.
It is good to be prepared for either situation, so along with bullish projections I posted earlier, I have some ideas about bearish movements.
The shorter term ichimoku cloud elements are suggesting possible bearish activity about to occur.
If a downward N wave structure and momentum is sustained I could see us hitting one or both of the two targets shown.
Either the upper span of the 1D kumo at 273,
or
The base line's current position at 262.
Conclusion: we might go down. If we do we will see ~272 and ~262.
If we don't, check out the related idea I posted for an idea of what you can expect.
Not
Obviously we went up. However, we are almost on our 9th candle since this rise from when this was published.let's keep an eye out for trend making or breaking impulses.
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