Ethereum (ETH): Just the MACD This Time

in ethereum •  last year 

SUMMARY

Just looking at the Weekly MACD indicator, two things are apparent. The first is the higher lows the red histogram bars are making..this is bullish! Remember, the histogram bars are my early or leading indicator for how the 12 week (white line) and the 26 week (red line) lagging indicators will behave. The 12 week (white line) is also beginning to show signs of flatenning out...this is bullish because it shows that it's following the lead of the histogram bars.

I've drawn out the potential pathways for the white and red MACD lines. The rally from now into July or so should flash a fantastic weekly buy signal. At what level might the ETH price be in July? All Time New Highs, anyone?

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

hahahahha this is ridicilous that you are getting $180 for something that's is soooo easy. People like you are taking adventage of a great platform like this. People like you are a disgrace for steem. And the people that are saying thanks for this post are suck ups trying to get an upvote. I don't care if u downvote every thing i post at least i said what i think. THe community should downvote u al together!!

·

Why don't you go out and do the same. It's his knowledge that people appreciate and it's mutually beneficial. You're not going to earn any respect complaining about others success.

·
·

4-50-730x592.jpg

Time to buy more!

First!
and thanks @haejin

·

😃🧐

Thanks do u analysis ARN?

its really awesome and usefull post @haejin thank you for sharing this post 👍😍

let's hope for it, but we have to wait until confirm the uptrend.

We are going to find you @Haejin, we will stop you.