This analysis is meant to illustrate the accumulation post the May 23th selling climax and automatic rally establishing support and resistance zones.
Wyckoff Accumulation:
- Phase A & B sideways move lasted for about 1 month, with multiple retests of support.
- Phase C retest springs a directional move to the upside.
- Phase D sign of strength with push beyond resistance -> turning resistance into new support levels.
- Phase E another sign of strength with push into pre-markdown support levels.
Additional Indicator Analysis:
- RSI shows that we are in oversold territory. This may lead to a pullback within the ascending channel.
- MACD has not shown an indication of reversal.
ETHUSDT
Wyckoff Accumulation:
- Phase A & B sideways move lasted for about 1 month, with multiple retests of support.
- Phase C retest springs a directional move to the upside.
- Phase D sign of strength with push beyond resistance -> turning resistance into new support levels.
- Phase E another sign of strength with push into pre-markdown support levels.
Additional Indicator Analysis:
- RSI shows that we are in oversold territory. This may lead to a pullback within the ascending channel.
- MACD has not shown an indication of reversal.
ETHUSDT
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.
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.