ETH - MULTI TIME FRAMES - AT A GLANCE - WARNING !
M1 : Ongoing bearish price action.
Low seen so far @ 1'888. Currently below
TS and KS.
W1 : Mid Bollinger Band (@ 2022) has briefly been reached,followed
by a corrective move only. Ongoing black candle is VERY BEARISH and a
failure to close today above the weekly pivot level @ 2950 would confirm
further downside in the cards for the upcoming session (s)
D1 : Bottom of the clouds support zone has already been tested several times.
Today's closing level would be very important too, as a failure to hold above the clouds
would also confirm further downside towards the former low @ 1888 ahead of 1723 (61.8% Fib ret of
the 86.00 - 4372 rally). It does not smell good !!!
H4 : Ongoing downtrend, below the clouds and below the cluster (KS, MBB and TS)
Currently testing the ongoing support trend line...
H1 : Below the clouds and the cluster, Watch the clouds !
M30 : Same than H1
M15 : Same than H1 and M30. Watch also the clouds
M5 : Watch MBB (@ 2'280) as a very short term indicator for a very short term corrective (only !) recovery
Ironman8848
Low seen so far @ 1'888. Currently below
TS and KS.
W1 : Mid Bollinger Band (@ 2022) has briefly been reached,followed
by a corrective move only. Ongoing black candle is VERY BEARISH and a
failure to close today above the weekly pivot level @ 2950 would confirm
further downside in the cards for the upcoming session (s)
D1 : Bottom of the clouds support zone has already been tested several times.
Today's closing level would be very important too, as a failure to hold above the clouds
would also confirm further downside towards the former low @ 1888 ahead of 1723 (61.8% Fib ret of
the 86.00 - 4372 rally). It does not smell good !!!
H4 : Ongoing downtrend, below the clouds and below the cluster (KS, MBB and TS)
Currently testing the ongoing support trend line...
H1 : Below the clouds and the cluster, Watch the clouds !
M30 : Same than H1
M15 : Same than H1 and M30. Watch also the clouds
M5 : Watch MBB (@ 2'280) as a very short term indicator for a very short term corrective (only !) recovery
Ironman8848
