ETH (Prj.2019.P02.E01).Macro level analysis
Just keeping it short:
With a BEARISH Divergence looming in the background and the current trend is down, along with BTC Dominance to go higher, ETH has further downs to go.
4 HRLY Chart: Bearish (Hidden) Divergence.
Daily Chart: RSI supports the hypothesis
WEEKLY Chart:
With a BEARISH Divergence looming in the background and the current trend is down, along with BTC Dominance to go higher, ETH has further downs to go.
4 HRLY Chart: Bearish (Hidden) Divergence.
Daily Chart: RSI supports the hypothesis
WEEKLY Chart:
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Bullish div. played out
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Also note on the Daily, the downward channel is still intact. Until this is broken and the bottom of the potential break is tested or we have a higher low...i would not go long.
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Successful forecast
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This community has signals now but with no risk management comms.
