ETHUSD: Upward Pressure Dominates Near and Mid Term Groups!
Hi Everyone! This TA focused on the Near and Mid Term Groups of time frames; with 8 time frames in each group. I'm labeling this a LONG position for the Near, Mid and Long Terms. We are currently experiencing downward pressure in the Short Term Group. However, we expect this downward pressure to be "brief" (From a Near, Mid and Long Term perspective) in regards to "time." Then we expect the upward pressure we see "continuing" in the Near, Mid and Long Term Group of time frames.
P.S. If this downward pressure persists, we could find support within the White/Aqua LOWER B-Bands in the 3-Hour time frame.
Happy Trading and Stay Awesome!
David
P.S. If this downward pressure persists, we could find support within the White/Aqua LOWER B-Bands in the 3-Hour time frame.
Happy Trading and Stay Awesome!
David
To turn back around and go up; we need the Blue LSMA in the 30-minute to get back above Level 20 along with the Red RSI to get price action going "up" with CONTRACTION of the B-Bands and "stop" this price action going down with EXPANSION of the B-Bands.