ETH/USD TA
ETH had plenty of opportunities to retest its recent lows as there is nothing from the TA perspective preventing it to do so. Instead ETH has built quite a base @ $186 level and on the backdrop of the looming end of BTC saga, it looks like it intends to challenge resistance of the 34(yellow) and 89 (brown) daily WMAs. Once ETH closes above $210 on the daily basis it will be met by strong resistance of the daily 89 WMA (brown) @$225-235 levels. However, the daily volatility implies that ETH is well capable to reach $247. Closing above this level on the daily basis will open up targets @$330-345
If however ETH eventually loses its newly built base and closes on any of its trading days below $186 the drop should be contained by the 34 weeks WMA (white dotted) @ $150
https://www.mql5.com/en/charts/7422171/ethusd-d1-fxopen-investments-inc
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STOPthanks srezz, would appear we just passed the 34 WMA just now at $209, will be interesting to see how ETH does during the fork.
Let's hope for the daily close above the 34 WMA
thanks Srezz!
So, i keep reading the (brown) 89 day, but my monitor does not have any brown lines. I can see the 89 WMA but its closer to read. anyone else have this...?
Also would you be willing to change the blue to a different color or make the background white? or even a light blue?
My eyes have a very hard time processing dark blue over black.
Thank you.
Any better now? https://www.mql5.com/en/charts/7423659/ethusd-d1-fxopen-investments-inc
:)
Thank you for your analysis! From another cc follower ...
Many thanks Sreez from a CC follower!! More liquid exchanges still have to add 5-10$ more?
thanks for the TA as always srezz, why you always use 89 WMA and 34 WMA? i know WMA is weighting moving average but why that specific numbers and im a noob and maybe someone can explain to me and will be great if i can read more indicators.
89/34 = 34/13 =~ 2.618 (1 + 1.618)
thanks for the answer srezz!
Thank you always @srezz. Still learning a lot from all your video postings and TA's..
Thanks for your TA, also a follower from CC.