A FULL ETH USD ANALYSIS FOR THE REST OF 2018 (3rd November 2018)
ETH USD ANALYSIS FOR THE REST OF 2018 (3rd November 2018)
So for this analysis ill bee zooming in from the 3 week time frame all the way down to the 1 hour time frame and give you guys the possible price action that will all happen from now till the end of December , I will also be including my thought process and explanation as of why and how I come to a specific conclusion in each timeframe. I will explain everything from an indicator standpoint before moving on the Elliot wave. I will update daily on both my twitter and telegram channel which I will include at the end of this analysis. The long and short signals/setups will also be posted there
DISCLAIMER:THIS IS NOT FINANCIAL ADVICE
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Our 3 week chart and 1 week chart has our TD flipped over to 9 which indicates possible trend reversal at this price point
as you can see how accurate the 1 week TD was where it called the top and flipped down similarly this is now happening at the bottom as well
Now lets take a look at our 3DAY RSI which is currently wedging in really tight and has already broken out , aided with the TD trend reversal our chances of breaking up are higher than breaking down from now till the end of year
however you may notice that the rsi on the 3day candle which just closed just made strong bearish divergence which indicates the next 3 day candle should possibly be a red candle breaking down to retest the wedge like how I have drawn in the chart below
where do I expect this the price to settle at? I will discuss this as we progress down into the lower time frames
So first off this is my overall EW count on ETH which has me looking for a pump all the way from here to 300-400 during the November to December period.
zooming down to the current price action this is currently what will possibly happen in the next 5 days or so, as you can see in the chart below we have made a bear div once again from the B wave and D wave in the chart below. This leads me to conclude that our next dump will probably go to around 187 region which at that price point I will start to look to long with a stop at 183 for a 1 month swing possibly
So in summary I see eth going down to 187 before going up to 300-400 regions which there after I will update the possibility of a further downtrend or a bullish continuation in December ,take care guys
Telegram channel: t.me/oswindcrypto
Twitter page: twitter.com/TofuTrading
So for this analysis ill bee zooming in from the 3 week time frame all the way down to the 1 hour time frame and give you guys the possible price action that will all happen from now till the end of December , I will also be including my thought process and explanation as of why and how I come to a specific conclusion in each timeframe. I will explain everything from an indicator standpoint before moving on the Elliot wave. I will update daily on both my twitter and telegram channel which I will include at the end of this analysis. The long and short signals/setups will also be posted there
DISCLAIMER:THIS IS NOT FINANCIAL ADVICE
=====================================================================================
Our 3 week chart and 1 week chart has our TD flipped over to 9 which indicates possible trend reversal at this price point
as you can see how accurate the 1 week TD was where it called the top and flipped down similarly this is now happening at the bottom as well
Now lets take a look at our 3DAY RSI which is currently wedging in really tight and has already broken out , aided with the TD trend reversal our chances of breaking up are higher than breaking down from now till the end of year
however you may notice that the rsi on the 3day candle which just closed just made strong bearish divergence which indicates the next 3 day candle should possibly be a red candle breaking down to retest the wedge like how I have drawn in the chart below
where do I expect this the price to settle at? I will discuss this as we progress down into the lower time frames
So first off this is my overall EW count on ETH which has me looking for a pump all the way from here to 300-400 during the November to December period.
zooming down to the current price action this is currently what will possibly happen in the next 5 days or so, as you can see in the chart below we have made a bear div once again from the B wave and D wave in the chart below. This leads me to conclude that our next dump will probably go to around 187 region which at that price point I will start to look to long with a stop at 183 for a 1 month swing possibly
So in summary I see eth going down to 187 before going up to 300-400 regions which there after I will update the possibility of a further downtrend or a bullish continuation in December ,take care guys
Telegram channel: t.me/oswindcrypto
Twitter page: twitter.com/TofuTrading
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