After the price touch 200 days log MA(our first target), ETHUSD starting a downtrend correction. Price drop together with volume drop, too.
It seems that 150 days MA(low) provide the first leyer support.
8 days EMA, 20 days EMA, and 50 days EMA are all in the uptrend.
If it could try to test low side again(the low side of the RED paralllel line)(8 days EMA) or test 100 days MA, that would be prefect.
Otherwise, it might try to test the high side(The RED parallel line) again.
It seems that 150 days MA(low) provide the first leyer support.
8 days EMA, 20 days EMA, and 50 days EMA are all in the uptrend.
If it could try to test low side again(the low side of the RED paralllel line)(8 days EMA) or test 100 days MA, that would be prefect.
Otherwise, it might try to test the high side(The RED parallel line) again.
Kommentar:
US30 has the same pattern.
Failed to hold the initial upside momentum and turned sharply lower after the FED press conference.
Failed to hold the initial upside momentum and turned sharply lower after the FED press conference.
Kommentar:
Let's see if it want to test low(120 day MA) again.
Notice that:
The trend stop at 120 days MA, does not follow US30 (DOW JONES INDUSTRY AVERAGE) after 8:00 (UTC+8)
Notice that:
The trend stop at 120 days MA, does not follow US30 (DOW JONES INDUSTRY AVERAGE) after 8:00 (UTC+8)
Kommentar:
A nice challenge 200 days LogMA. (2nd time in one week)
Price turn sharply dropped after FED presse 2 days ago could be viewed as push down to buy(PDTB). 120 days Log MA provide a good support. It did not test twice 120 MA as we expected.
Price turn sharply dropped after FED presse 2 days ago could be viewed as push down to buy(PDTB). 120 days Log MA provide a good support. It did not test twice 120 MA as we expected.
It will test 120 day log MA, or test 100 days log MA.