On the above daily chart price action has corrected 50% with a ‘incredible buy’ opportunity illuminated. Now is time to be bullish. Why?
1) Price action breaks out of resistance with a ‘W’ in price action forming.
2) Bullish divergence. Price action prints lower lows while the oscillators print higher lows. In fact 9 oscillators are now showing positive divergence with price action, look left!
On the 4-day chart below:
3) Price action prints a Dragonfly DOJI candle. Fantastic.
4) Stochastic RSI crosses up 20.
Is it possible price action falls further? Sure.
Is it probable? Very unlikely.
A buy from 0.0015 ETH is fantastic.
Good luck!
WW
PS: Have moved the decennial point to the right two extra points to allow display of the full Ethereum fraction, i.e. 0.16180 instead of 0.0016.
4-day chart - Dragonfly DOJI
1) Price action breaks out of resistance with a ‘W’ in price action forming.
2) Bullish divergence. Price action prints lower lows while the oscillators print higher lows. In fact 9 oscillators are now showing positive divergence with price action, look left!
On the 4-day chart below:
3) Price action prints a Dragonfly DOJI candle. Fantastic.
4) Stochastic RSI crosses up 20.
Is it possible price action falls further? Sure.
Is it probable? Very unlikely.
A buy from 0.0015 ETH is fantastic.
Good luck!
WW
PS: Have moved the decennial point to the right two extra points to allow display of the full Ethereum fraction, i.e. 0.16180 instead of 0.0016.
4-day chart - Dragonfly DOJI
Trade active
Looks like the appreciation against Ethereum is off to a early start.Note
Dragonfly DOJI candle prints with the close of the weekly chart - excellent.Trade active
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.