191021 ETHUSD analysis. Fall in the medium term.
Hello, my friends. It's Cryptoranger K.
Today was a day when I didn't see anything special on the chart. I looked in for a while, gave up and just rested. And I look at the chart again at night. I thought about why. And I concluded that it was because I had a lot of expectation that 'I want the bottom to come out quickly'.
Looking at the ETH 4 hour chart today, I found that the current price flow is drawing a falling wedge. And the four-hour candle seems to be rising. And again I saw the daily chart.
Today was a day when I didn't see anything special on the chart. I looked in for a while, gave up and just rested. And I look at the chart again at night. I thought about why. And I concluded that it was because I had a lot of expectation that 'I want the bottom to come out quickly'.
Looking at the ETH 4 hour chart today, I found that the current price flow is drawing a falling wedge. And the four-hour candle seems to be rising. And again I saw the daily chart.
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(ETH 1day chart)
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If you look at the chart above, Stochastic is still talking about the decline. The decline of Stochastic was so rapid that I thought ETH wouldn't rise right now.
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(ETH 1 week chart)
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As mentioned in the previous post, the weekly chart 5 & 10day lines are inverted. If last week's candlelight ended on the 50day line, I would have been positive about the ETH rise. However, as prices have fallen a lot, I expect ETH to continue falling.
As I expected, if the ETH falls here, the first support is near $ 153 and the next support is around $ 135. For now, I'm thinking $ 135 will be the bottom of this drop.
Today's analysis is up to here.
As I write every day, I seem to repeat the same words over and over again.
After all, I think about one thing too much and I do not see the flow.
Starting tomorrow, I will write at intervals.
Now another week has begun.
I hope this week will be a week to protect your precious assets.
Thank you for your attention.
As I expected, if the ETH falls here, the first support is near $ 153 and the next support is around $ 135. For now, I'm thinking $ 135 will be the bottom of this drop.
Today's analysis is up to here.
As I write every day, I seem to repeat the same words over and over again.
After all, I think about one thing too much and I do not see the flow.
Starting tomorrow, I will write at intervals.
Now another week has begun.
I hope this week will be a week to protect your precious assets.
Thank you for your attention.
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(ETH 1 week chart)
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Update.
The weekly candle changed and a new candle started below the 50day line, creating a Dead Cross on the 5 & 50day line. There is no positive part of the current situation. Market flow is boring overall. But now I think it's right to watch more than hurry.
The weekly candle changed and a new candle started below the 50day line, creating a Dead Cross on the 5 & 50day line. There is no positive part of the current situation. Market flow is boring overall. But now I think it's right to watch more than hurry.