This thing is bizarre. The POC is 213 but the value area low is a mere 5.85.
There was virtually no large money flow into Eth when it went parabolic.
The volume/$ histogram show hardly any dollars coming into it past about $60.
$50 might be a reasonable price for it given that's about the last time that it had volume coming into it.
I am considering a short term long position on it due to a signal I have from a script. However if I make that trade it will only be a scalp. I would not consider accumulating eth for a long term swing until it's around the green bar.
I will also consider a signal from the Coppock curve after eth has flattened out and consolidated for a while and is no longer falling like a rock on the week chart.
There was virtually no large money flow into Eth when it went parabolic.
The volume/$ histogram show hardly any dollars coming into it past about $60.
$50 might be a reasonable price for it given that's about the last time that it had volume coming into it.
I am considering a short term long position on it due to a signal I have from a script. However if I make that trade it will only be a scalp. I would not consider accumulating eth for a long term swing until it's around the green bar.
I will also consider a signal from the Coppock curve after eth has flattened out and consolidated for a while and is no longer falling like a rock on the week chart.
