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ETHUSD can buyers follow up on Yesterday's rally?
Hi, and welcome to today’s update. Today we are focusing on ETHUSD after yesterday’s solid rally.
Today’s format is slightly different as we use a double CCI method to analyse the current price action. These methods are nothing new and are primarily used to validate trend continuation ideas.
Indicators, whether you love them or hate them, are just tools. We still need to look at price stricture and levels to gauge the whole picture. Take today’s report. The MA and CCis point to a potential long position, but we still need to see buyers break yesterday’s high to show buyer momentum is back on track. Just after that point, buyers face key resistance at 1665.
Yesterday’s bar broke out of the minor retracement, but we still need to see fresh buying to confirm a new push higher is happening. We have run over these aspects in more detail in today’s video.
Don’t agree or want to add something? Please feel free to drop us a comment.
Today’s format is slightly different as we use a double CCI method to analyse the current price action. These methods are nothing new and are primarily used to validate trend continuation ideas.
Indicators, whether you love them or hate them, are just tools. We still need to look at price stricture and levels to gauge the whole picture. Take today’s report. The MA and CCis point to a potential long position, but we still need to see buyers break yesterday’s high to show buyer momentum is back on track. Just after that point, buyers face key resistance at 1665.
Yesterday’s bar broke out of the minor retracement, but we still need to see fresh buying to confirm a new push higher is happening. We have run over these aspects in more detail in today’s video.
Don’t agree or want to add something? Please feel free to drop us a comment.
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