ETH - AT A GLANCE - TRADING IN THE ZONE...
M1 : ATH so far @ 4208...
W1 : Weekly pivot level @ 3436
D1 : Yesterday's price action triggered a doji pattern = uncertainty & indecision
First significant support @ 3674 ahead of more important @ 3344
H4 : Mid Bollinger in progress to be broken (wait for next H4 closing for validation or invalidation !)
H1: Ongoing bearish trend still inside the clouds which has already briefly been broken a couple of hours ago.
Looks like a retest of the former low @ 3650 should be seen soon.
M30 : Pullback failure to recover above the clouds triggered another selling wave pressure which pushed
ETH below the clouds again
M15 : Same than M30, watch now the clouds as first resistance area in this time frame
M5 : Same than M15, watch the clouds
CONCLUSION :
SWITCH FROM A BULLISH TREND TO A BEARISH ONE ! I warned you May 9th, to ; "Not to be too greedy" :-)
Watch carefully ongoing price action to detect early signal of potential bullish divergences and
do not forget watch the clouds and MBB as leading indicators...
All the best and take care
Have a nice trading day
W1 : Weekly pivot level @ 3436
D1 : Yesterday's price action triggered a doji pattern = uncertainty & indecision
First significant support @ 3674 ahead of more important @ 3344
H4 : Mid Bollinger in progress to be broken (wait for next H4 closing for validation or invalidation !)
H1: Ongoing bearish trend still inside the clouds which has already briefly been broken a couple of hours ago.
Looks like a retest of the former low @ 3650 should be seen soon.
M30 : Pullback failure to recover above the clouds triggered another selling wave pressure which pushed
ETH below the clouds again
M15 : Same than M30, watch now the clouds as first resistance area in this time frame
M5 : Same than M15, watch the clouds
CONCLUSION :
SWITCH FROM A BULLISH TREND TO A BEARISH ONE ! I warned you May 9th, to ; "Not to be too greedy" :-)
Watch carefully ongoing price action to detect early signal of potential bullish divergences and
do not forget watch the clouds and MBB as leading indicators...
All the best and take care
Have a nice trading day
