WyckoffMode

ETHUSDT To Continue Downward Pressure Till Jan. 29th to Feb. 2nd

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POLONIEX:ETHUSDT   Ethereum / Tether USD
Looks like downward pressure will continue until some time between Jan. 29th and Feb. 2nd before we see an end of Phase A with a Second Test and beginning of Phase B with a Simple Rally. Our Second Test is expected to see it's bottom between the $91.00 and $103.80 price points before we see a reversal to upside pressure for a Simple Rally in Phase B.
Bình luận:
Note the current trajectory of the Blue LSMA in Godmode indicator. See how it could potentially continue down to the 20% level and not reverse back to upward pressure until around February 4, 2019. We still could see reversal to upward pressure as soon as January 31. I still see the bottom for this Second Test in the $91.00 to $103.80 price range before we turn back up for a Simple Rally to take us back to Preliminary Support near $160.00 once again.


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